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Atlas Copco AB (OTCMKTS:ATLKY - Get Rating) was the recipient of a large drop in short interest in August. As of August 15th, there was short interest totalling 13,700 shares, a drop of 87.8% from the July 31st total of 112,400 shares. Based on an average daily trading volume, of 643,800 shares, the days-to-cover ratio is presently 0.0 days. Analyst Ratings Changes

Several equities analysts have commented on ATLKY shares. Morgan Stanley dropped their target price on shares of Atlas Copco from SEK 122.25 to SEK 116.50 and set an "equal weight" rating on the stock in a research report on Wednesday, April 27th. Sanford C. Bernstein cut shares of Atlas Copco from a "market perform" rating to an "underperform" rating and set a $84.00 target price on the stock. in a research report on Monday, July 11th. Finally, Credit Suisse Group began coverage on shares of Atlas Copco in a research note on Friday, June 17th. They set a "hold" rating and a $141.10 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $136.74.Atlas Copco Price Performance

OTCMKTS:ATLKY traded up $0.16 during trading hours on Thursday, hitting $10.82. The stock had a trading volume of 213,369 shares, compared to its average volume of 494,906. The company has a 50 day simple moving average of $10.36 and a two-hundred day simple moving average of $12.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.29 and a quick ratio of 0.87. Atlas Copco has a one year low of $8.75 and a one year high of $17.87. The firm has a market capitalization of $52.70 billion, a price-to-earnings ratio of 23.32, a P/E/G ratio of 3.52 and a beta of 1.23.

Atlas Copco (OTCMKTS:ATLKY - Get Rating) last announced its quarterly earnings results on Tuesday, July 19th. The industrial products company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Atlas Copco had a net margin of 16.85% and a return on equity of 29.83%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.24 billion. Research analysts forecast that Atlas Copco will post 0.45 earnings per share for the current fiscal year. About Atlas Copco (Get Rating)

Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.Recommended StoriesGet a free copy of the StockNews.com research report on Atlas Copco (ATLKY)Williams-Sonoma’s High-End Consumers Are Still Spending Snowflake Stock Soars On Strong ResultsPENN Entertainment Stock is Reset and Ready to ReboundNVIDIA: A Top Choice In Bifurcated Chip Market? 3 Payroll Software Makers Set For Growth In 2023

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