AB Volvo (publ) (OTCMKTS:VLVLY) Sets New 12-Month High – Here’s Why

AB Volvo (publ) (OTCMKTS:VLVLY) reached a new 52-week high during trading on Tuesday . The stock traded as high as $31.82 and last traded at $31.68, with a volume of 1417801 shares trading hands. The stock had previously closed at $30.72.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised AB Volvo (publ) from a “neutral” rating to an “overweight” rating in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Trading Up 3.1 %

The company has a quick ratio of 0.97, a current ratio of 1.28 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $64.41 billion, a P/E ratio of 13.48 and a beta of 1.30. The business has a fifty day moving average price of $26.64 and a 200 day moving average price of $25.93.

AB Volvo (publ) (OTCMKTS:VLVLY) last issued its quarterly earnings results 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%. On average, analysts expect that AB Volvo will post 2.38 earnings per share for the current fiscal year.

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, 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.