ATCO (TSE:ACO.X) Share Price Passes Above 200 Day Moving Average - Time to Sell?

ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$48.84 and traded as high as C$51.76. ATCO shares last traded at C$51.47, with a volume of 158,871 shares trading hands.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on ACO.X. CIBC increased their price objective on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Royal Bank Of Canada increased their price objective on ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th.

ATCO Stock Down 0.4%

The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The company has a market capitalization of C$5.13 billion, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a 50-day moving average of C$50.75 and a two-hundred day moving average of C$48.84.

Insider Transactions at ATCO

In related news, Senior Officer James Armstrong sold 781 shares of the business's stock in a transaction dated Friday, May 9th. The stock was sold at an average price of C$51.40, for a total value of C$40,143.40. Following the sale, the insider now directly owns 101 shares in the company, valued at approximately C$5,191.40. The trade was a 88.55% decrease in their ownership of the stock. Also, insider Sentgraf Enterprises Ltd. bought 7,407 shares of the firm's stock in a transaction that occurred on Monday, June 9th. The stock was purchased at an average price of C$50.55 per share, for a total transaction of C$374,423.85. Insiders sold 2,457 shares of company stock worth $123,147 over the last quarter. 0.61% of the stock is currently owned by insiders.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco's primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other.

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