ATCO (TSE:ACO.X) Stock Crosses Above Two Hundred Day Moving Average - Time to Sell?

ATCO Ltd. (TSE:ACO.X - Get Free Report) shares crossed 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 traded.

Analyst Upgrades and Downgrades

ACO.X has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their price target on ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. TD Securities set a C$56.00 price target on ATCO and gave the stock a "hold" rating in a research note on Friday, June 27th. Finally, CIBC boosted their price target on ATCO from C$59.00 to C$62.00 in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$53.25.

ATCO Price Performance

The firm 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 business has a fifty day moving average of C$51.09 and a 200-day moving average of C$49.04. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

Insider Buying and Selling at ATCO

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