Epiroc AB (publ) (OTCMKTS:EPOKY) Hits New 12-Month Low – Here’s What Happened

Epiroc AB (publ) (OTCMKTS:EPOKY) shares hit a new 52-week low during trading on Wednesday . The company traded as low as $16.82 and last traded at $17.02, with a volume of 120277 shares changing hands. The stock had previously closed at $17.36.

Analyst Upgrades and Downgrades

Separately, Barclays raised Epiroc AB (publ) from a “strong sell” rating to a “strong-buy” rating in a report on Wednesday, December 4th.

Epiroc AB (publ) Price Performance

The company has a 50 day moving average price of $18.27 and a 200-day moving average price of $19.00. The company has a market cap of $20.54 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 9.37 and a beta of 1.51. The company has a quick ratio of 1.12, a current ratio of 2.06 and a debt-to-equity ratio of 0.46.

Epiroc AB (publ) (OTCMKTS:EPOKY) last announced its quarterly earnings results on Friday, October 25th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Epiroc AB (publ) had a net margin of 13.94% and a return on equity of 22.16%. The firm had revenue of $1.51 billion during the quarter. As a group, equities research analysts predict that Epiroc AB will post 0.71 EPS for the current fiscal year.

Epiroc AB (publ) Increases Dividend

The business also recently declared a dividend, which was paid on Monday, November 11th. Shareholders of record on Tuesday, October 22nd were given a $0.1837 dividend. The ex-dividend date of this dividend was Tuesday, October 22nd. This is a positive change from Epiroc AB (publ)’s previous dividend of $0.17. Epiroc AB (publ)’s payout ratio is 25.00%.

About Epiroc AB (publ)

Epiroc AB (publ), together with its subsidiaries, develops and produces equipment for use in surface and underground applications in North America, Europe, South America, Europe, Africa, the Middle East, Asia, and Australia. It operates in two segments, Equipment & Service, and Tools & Attachments.