ATCO (TSE:ACO.X) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• ATCO Ltd. (TSE:ACO.X) shares surpassed their two hundred day moving average of C$50.30, reaching a high trading price of C$50.89 during the day.
• TD Securities adjusted their target price for ATCO from C$56.00 to C$55.00 and maintained a "hold" rating, with the stock currently holding an average price target of C$55.25.
• The company has a market capitalization of C$5.70 billion and a low beta of 0.46, indicating relatively low volatility compared to the market.

ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$50.30 and traded as high as C$50.89. ATCO shares last traded at C$50.62, with a volume of 239,627 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities dropped their target price on ATCO from C$56.00 to C$55.00 and set a "hold" rating on the stock in a report on Friday, August 1st. Three investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$55.25.

ATCO Price Performance

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 cap of C$5.70 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 3.80 and a beta of 0.46. The company has a fifty day simple moving average of C$49.94 and a two-hundred day simple moving average of C$50.30.

ATCO Company Profile

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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