AB Volvo (publ) (OTCMKTS:VLVLY) Releases Quarterly Earnings Results

AB Volvo (publ) (OTCMKTS:VLVLY) posted its quarterly earnings results on Wednesday. The company reported $0.49 earnings per share (EPS) for the quarter, Zacks reports. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 28.80%.

AB Volvo (publ) Trading Up 1.1 %

Shares of VLVLY traded up $0.31 during mid-day trading on Friday, reaching $28.37. The company’s stock had a trading volume of 52,260 shares, compared to its average volume of 81,642. The company has a current ratio of 1.29, a quick ratio of 0.97 and a debt-to-equity ratio of 0.86. AB Volvo has a 52 week low of $23.27 and a 52 week high of $30.14. The company’s fifty day moving average price is $25.25 and its two-hundred day moving average price is $25.42. The stock has a market cap of $57.68 billion, a PE ratio of 12.07 and a beta of 1.29.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. UBS Group upgraded AB Volvo (publ) from a “sell” rating to a “neutral” rating in a research note on Friday, October 25th. Stifel Nicolaus raised shares of AB Volvo (publ) from a “hold” rating to a “buy” rating in a report on Monday, October 21st. JPMorgan Chase & Co. raised shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Finally, Citigroup raised shares of AB Volvo (publ) to a “hold” rating in a report on Friday, October 11th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

AB Volvo (publ) Company Profile

AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, the United States, Asia, Africa, and Oceania. The company provides heavy-duty trucks for long-haulage and construction work and light-duty trucks for distribution purposes under the Volvo, Renault Trucks, Mack, Eicher, and Dongfeng Trucks brands; and city and intercity buses, coaches, and chassis under the Prevost and Volvo Bus brands.