AB Volvo (publ) (OTCMKTS:VLVLY) Sets New 12-Month Low – Should You Sell?

AB Volvo (publ) (OTCMKTS:VLVLY)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $22.84 and last traded at $23.45, with a volume of 260371 shares trading hands. The stock had previously closed at $24.26.

Analyst Ratings Changes

Several research analysts have recently commented on VLVLY shares. UBS Group upgraded AB Volvo (publ) from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 26th. Sanford C. Bernstein assumed coverage on shares of AB Volvo (publ) in a research note on Tuesday, April 1st. They set an “underperform” rating on the stock. Finally, Barclays cut shares of AB Volvo (publ) from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 25th. Two analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, AB Volvo (publ) has a consensus rating of “Moderate Buy”.

AB Volvo (publ) Stock Performance

The firm’s fifty day moving average is $29.98 and its 200-day moving average is $27.02. 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 has a market capitalization of $47.66 billion, a PE ratio of 9.98 and a beta of 1.19.

AB Volvo (publ) (OTCMKTS:VLVLY) last released 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%. As a group, research analysts anticipate that AB Volvo will post 2.38 earnings per share for the current year.

AB Volvo (publ) Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, April 24th. Stockholders of record on Friday, April 4th will be given a dividend of $1.6823 per share. This is a positive change 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 (DPR) is currently 25.96%.

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.