AB Volvo (publ) (OTCMKTS:VLVLY) Sets New 1-Year High – Here’s Why

AB Volvo (publ) (OTCMKTS:VLVLY)’s share price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $32.29 and last traded at $32.17, with a volume of 85158 shares changing hands. The stock had previously closed at $31.32.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. upgraded shares of AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. UBS Group raised AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy”.

AB Volvo (publ) Stock Up 2.7 %

The stock has a market cap of $65.39 billion, a P/E ratio of 13.69 and a beta of 1.30. The company has a current ratio of 1.28, a quick ratio of 0.97 and a debt-to-equity ratio of 0.81. The stock’s 50-day moving average is $27.49 and its 200-day moving average is $26.21.

AB Volvo (publ) (OTCMKTS:VLVLY) last posted its quarterly earnings data on Wednesday, January 29th. The company reported $0.49 earnings per share (EPS) for the quarter. AB Volvo (publ) had a net margin of 9.57% and a return on equity of 27.91%. As a group, research analysts anticipate that AB Volvo will post 2.38 earnings per share for the current fiscal year.

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.