Atlas Copco AB (ATCO-A) Increases 1.01% on Dec 8

December 8, 2017 - By Michael Collier

Shares of Atlas Copco AB (STO:ATCO.A) last traded at 360.1, representing a move of 1.01%, or 3.6 per share, on volume of 60,028 shares. After opening the trading day at 360, shares of Atlas Copco AB traded in a close range. Atlas Copco AB currently has a total float of 824.31 million shares and on average sees 1.74 million shares exchange hands each day. The stock now has a 52-week low of 275.7 and high of 374.2.

OMXS30: Attesting To Sweden’s Glory

Many European countries are acknowledged for their respective contributions to the global economy given their extensive dominance. One of these European prides includes Sweden, a truly influential nation especially among Nordic countries. The chances to get to its market are low, but Atlas Copco AB made it.

Sweden boasts with countless growth opportunities for domestic and international investors alike, which is why it has a healthy trade and commerce landscape backed by a reasonable borrowing environment. Moreover, its compelling corporate governance also attracts more and more investors through time, and strengthens their confidence in the national economy. Atlas Copco AB receives attention of new investors from across the world.

Nasdaq Stockholm

The Nasdaq Stockholm, which is a part of the Nasdaq Nordic, is the main stock exchange in Sweden that is based in Frihamnen, Stockholm. It had been established in 1863, adopting a floor trading system at the Stockholm Stock Exchange Building. On June 1, 1990, an electronic trading system had finally been introduced.

Presently, the Nasdaq Stockholm is owned by Nasdaq, Inc. along with other stock exchanges in Nordic countries including the Armenia Stock Exchange or Nasdaq OMX Armenia; Copenhagen Stock Exchange or Nasdaq Copenhagen; the Helsinki Stock Exchange or Nasdaq Helsinki; the Iceland Stock Exchange or Nasdaq Iceland; the Riga Stock Exchange or Nasdaq Baltic; and the Tallinn Stock Exchange or Nasdaq Baltic.

The regular trading on the Nasdaq Stockholm lasts for eight hours, beginning at 9:00 a.m. and ending at 5:00 p.m. Currently, it has a total market capitalization of roughly $1.30 trillion with more than 300 companies listed on the Nasdaq Stockholm. Inside this list is Atlas Copco AB.

OMXS30

The OMXS30 is the benchmark Swedish index that weighs the 30 biggest companies listed on the Nasdaq Stockholm based on market capitalization.

The components are reviewed twice a year in order to make sure that the OMXS30 provides a meaningful representation of the Swedish equity market. Regular index rebalancing is a typical activity among indices that do not weigh all companies listed on their respective stock exchanges. Companies are regularly dropped from and added to these indices depending on several factors such as industry representation, liquidity, among others.

The base value of the OMXS30 is 125 points and the base date is September 1986. Numerous sectors comprise the OMXS30; and the top 3 largest sectors include Consumer Services, Financials, and Industrials.

The OMXS30 had reached its all-time low of 98.96 points in November 1987; and its all-time high of 1,719.93 points in April 2015. The remarkable decline in 1987 had been mainly driven by Black Monday, a dark day in the history of global economy that had started in Hong Kong. From there, the OMXS30 had managed to grow gradually as the Swedish economy recouped, leading to its all-time high record. Companies like Atlas Copco AB received the benefits of investors attention after that.

There is no reason to doubt the rampant growth of the European economy with the powerful stability of countries such as Sweden. Many investors are considering entering the European equity market because of this. It goes without saying that investing on Nasdaq Stockholm stocks is one of the best ways to penetrate a booming economy and bet on its further growth.

More notable recent Atlas Copco AB (STO:ATCO.A) news were published by: Bloomberg.com which released: “Atlas Copco Plans Split in Two to List Mining Tool Business” on January 16, 2017, also Seekingalpha.com with their article: “Atlas Copco’s Spin-Off Will Drive Profitability Higher” published on October 17, 2017, Seekingalpha.com published: “Atlas Copco Q3: Strong Results” on October 22, 2017. More interesting news about Atlas Copco AB (STO:ATCO.A) were released by: Seekingalpha.com and their article: “Atlas Copco Showing Some Muscle” published on October 20, 2017 as well as Ft.com‘s news article titled: “Atlas Copco chief eyes growth after mining business spin-off” with publication date: September 12, 2017.

Atlas Copco AB, through its subsidiaries, provides productivity solutions worldwide. The company has market cap of $421.97 billion. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, vacuum solutions, air and gas treatment equipment, and medical air solutions for use in the manufacturing, gas and oil, and process industries. It has a 29.44 P/E ratio. The firm also provides electric assembly tools, control systems and associated software packages, dispensing equipment for adhesives and sealants, and self-pierce riveting equipment for use in the motor vehicle industry; basic fastening tools, drills, grinders, and adhesive and sealant equipment for use in general industrial manufacturing applications; and impact wrenches, percussive tools, drills, sanders, and grinders for vehicle service professionals.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.