Last month Atlas Copco AB leading manufacturer of oil-free rotary screws shocked its competitors by posting its quarterly earnings on company website. The company announced approximately $0.31 gains per share for the present quarter, fulfilling the research analysts’ accord prediction of up to $0.31, stock as uncovered by the reports of ‘Ratings News’. Earlier the shares of this manufacturing giant(OTCMKTS:ATLKY) had opened at somewhere 32.075. Atlas Copco AB has observed a fifty two week drop of nearly $25.510 as well as a fifty two week rise of approximately $ 35.240. In addition the fifty day moving average of the company was up to $ 32.8 while it’s two hundred moving average of $30.0. In April several research analysts contemplated in on the ATLKY shares.
Furthermore, these research analysts had also ushered on coverage on the Atlas Copco AB shares via a research note March 26th 2015. Nonetheless, the analysts had also favored an “outperform “rating on the aforesaid company stock. There were another set of research analysts who had downgraded the company share to a shocking “neutral” rating as indicated by a research note dated March 17th 2015. As per the post on the company website Atlas Copco AB further uncovers that a research analyst had also set the rating of the company stock as sell. Prof Research Reports has recently added a report titled “Global and Chinese Oil-free screw Industry, 2009-2019.”The report indicates that the gradual hike in the market shares of oil-free rotary screw manufacturer shows that the aforesaid market is ready to grow by leaps and bounds across the globe including China.