AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) saw a significant growth in short interest during the month of February. As of February 29th, there was short interest totalling 31,100 shares, a growth of 288.8% from the February 14th total of 8,000 shares. Based on an average daily volume of 72,500 shares, the short-interest ratio is currently 0.4 days.
AB Volvo (publ) Price Performance
AB Volvo (publ) stock traded up $0.59 during midday trading on Tuesday, reaching $29.54. The company’s stock had a trading volume of 54,980 shares, compared to its average volume of 40,516. AB Volvo has a fifty-two week low of $17.94 and a fifty-two week high of $29.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.88 and a current ratio of 1.20. The stock’s 50 day simple moving average is $25.39 and its 200 day simple moving average is $22.99. The firm has a market capitalization of $60.08 billion, a PE ratio of 12.79, a P/E/G ratio of 0.79 and a beta of 1.40.
AB Volvo (publ) (OTCMKTS:VLVLY – Get Free Report) last released its earnings results on Friday, January 26th. The company reported $0.56 EPS for the quarter. AB Volvo (publ) had a return on equity of 28.62% and a net margin of 9.01%. The company had revenue of $13.92 billion during the quarter. On average, equities research analysts forecast that AB Volvo will post 2.2 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on VLVLY shares. Sanford C. Bernstein lowered shares of AB Volvo (publ) from an “outperform” rating to a “market perform” rating in a research note on Monday, January 29th. BNP Paribas lowered shares of AB Volvo (publ) from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 6th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.
About AB Volvo (publ)
AB Volvo (publ), together with its subsidiaries, manufactures and sells trucks, buses, construction equipment, and marine and industrial engines in Europe, North America, South America, Asia, Africa, and Oceania. The company offers trucks for long-haulage, construction, mining, and distribution purposes under the Volvo, UD Trucks, Renault Trucks, Mack, Eicher, Arquus, cellcentric, and Dongfeng Trucks brands; and city and intercity buses, coaches, and bus chassis, as well as associated transport systems under the Prevost and Nova Bus brands.