AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $22.84 and last traded at $23.45, with a volume of 260371 shares. The stock had previously closed at $24.26.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. UBS Group upgraded AB Volvo (publ) from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 26th. Barclays cut AB Volvo (publ) from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, March 25th. Finally, Sanford C. Bernstein initiated coverage on shares of AB Volvo (publ) in a research report on Tuesday, April 1st. They issued an "underperform" rating on the stock. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, AB Volvo (publ) presently has a consensus rating of "Moderate Buy".
Get Our Latest Analysis on AB Volvo (publ)
AB Volvo (publ) Price Performance
The company has a debt-to-equity ratio of 0.81, a current ratio of 1.28 and a quick ratio of 0.97. The company has a 50-day simple moving average of $29.57 and a 200-day simple moving average of $26.94. The stock has a market cap of $51.19 billion, a PE ratio of 10.71 and a beta of 1.19.
AB Volvo (publ) (OTCMKTS:VLVLY - Get Free Report) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.49 EPS for the quarter. AB Volvo (publ) had a return on equity of 27.91% and a net margin of 9.57%. Sell-side analysts anticipate that AB Volvo will post 2.38 EPS for the current fiscal year.
AB Volvo (publ) Increases Dividend
The firm also recently disclosed a dividend, which will be paid on Thursday, April 24th. Investors of record on Friday, April 4th will be paid a $1.6823 dividend. This is a boost from AB Volvo (publ)'s previous dividend of $0.72. The ex-dividend date of this dividend is Friday, April 4th. AB Volvo (publ)'s dividend payout ratio is presently 25.96%.
AB Volvo (publ) Company Profile
(
Get Free Report)
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.
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