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

ATCO Ltd. (TSE:ACO.X - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$49.00 and traded as high as C$50.77. ATCO shares last traded at C$50.66, with a volume of 80,732 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. TD Securities set a C$56.00 price target on ATCO and gave the company a "hold" rating in a report on Friday, June 27th. CIBC upped their price target on ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Finally, Royal Bank Of Canada upped their price objective on ATCO from C$51.00 to C$53.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, ATCO presently has an average rating of "Hold" and an average target price of C$53.25.

ATCO Price Performance

The stock has a market capitalization of C$5.04 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock has a 50-day simple moving average of C$51.09 and a 200 day simple moving average of C$49.06.

Insider Activity

In related news, Senior Officer James Armstrong sold 781 shares of the firm's stock in a transaction on Friday, May 9th. The stock was sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the sale, the insider owned 101 shares of the company's stock, valued at approximately C$5,191.40. This trade represents a 88.55% decrease in their position. Also, Senior Officer Rebecca M. Kalmacoff sold 1,500 shares of ATCO stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of C$51.40, for a total value of C$77,100.00. Insiders have sold a total of 2,357 shares of company stock valued at $121,090 in the last 90 days. 0.61% of the stock is owned by company insiders.

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.