ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$48.14 and traded as high as C$51.89. ATCO shares last traded at C$51.83, with a volume of 249,848 shares.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on ACO.X shares. Scotiabank lifted their price objective on shares of ATCO from C$49.00 to C$51.00 and gave the company a "sector perform" rating in a research note on Thursday, February 13th. CIBC upped their price objective on ATCO from C$59.00 to C$62.00 in a research report on Friday, April 4th.
Check Out Our Latest Report on ATCO
ATCO Price Performance
The business's 50-day simple moving average is C$49.28 and its two-hundred day simple moving average is C$48.26. The stock has a market cap of C$5.16 billion, a P/E ratio of 15.12, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.
Insiders Place Their Bets
In other ATCO news, Senior Officer James Landon sold 1,000 shares of ATCO stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$49.80, for a total transaction of C$49,800.00. Insiders sold a total of 2,100 shares of company stock valued at $103,044 in the last quarter. Corporate insiders own 0.61% of the company's stock.
ATCO Company Profile
(
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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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