Alfa Laval Corporate (OTCMKTS:ALFVY) Trading Down 0.4% – Here’s What Happened

Shares of Alfa Laval Corporate AB (OTCMKTS:ALFVY) dropped 0.4% on Thursday . The stock traded as low as $44.44 and last traded at $44.94. Approximately 42,846 shares were traded during trading, an increase of 27% from the average daily volume of 33,816 shares. The stock had previously closed at $45.11.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada raised shares of Alfa Laval Corporate from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, December 18th.

Alfa Laval Corporate Trading Down 0.4 %

The business’s 50-day moving average price is $43.84 and its two-hundred day moving average price is $44.03. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.34 and a quick ratio of 0.84. The company has a market capitalization of $18.51 billion, a price-to-earnings ratio of 26.50, a P/E/G ratio of 2.08 and a beta of 1.43.

Alfa Laval Corporate (OTCMKTS:ALFVY) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.06). Alfa Laval Corporate had a return on equity of 18.34% and a net margin of 11.07%. Research analysts predict that Alfa Laval Corporate AB will post 1.85 earnings per share for the current year.

About Alfa Laval Corporate

Alfa Laval Corporate AB provides heat transfer, separation, and fluid handling products and solutions worldwide. It operates in three divisions: Energy, Food & Water, and Marine. The company offers oil/gas-fired steam and composite steam boilers, exhaust gas economizer, and ballast water treatment systems, and exhaust gas cleaning products.