ATCO Ltd. (TSE:ACO.X - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$48.68 and traded as high as C$51.91. ATCO shares last traded at C$51.60, with a volume of 122,795 shares.
Analyst Ratings Changes
Several research analysts have issued reports on ACO.X shares. Royal Bank of Canada lifted their price target on shares of ATCO from C$51.00 to C$53.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. CIBC lifted their price target on shares of ATCO from C$59.00 to C$62.00 in a research report on Friday, April 4th. Finally, Scotiabank lifted their price target on shares of ATCO from C$49.00 to C$51.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th.
Check Out Our Latest Research Report on ACO.X
ATCO Stock Down 1.1%
The firm's 50-day moving average price is C$50.48 and its 200 day moving average price is C$48.69. The company has a market capitalization of C$5.05 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 3.80 and a beta of 0.74. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.
Insiders Place Their Bets
In other ATCO news, Senior Officer James Armstrong sold 781 shares of the company's stock in a transaction on Friday, May 9th. The shares were sold at an average price of C$51.40, for a total transaction of C$40,143.40. Following the transaction, the insider now owns 101 shares in the company, valued at approximately C$5,191.40. This represents a 88.55% decrease in their ownership of the stock. Also, Senior Officer James Landon sold 1,000 shares of the company's stock in a transaction on Wednesday, March 26th. The stock was sold at an average price of C$49.80, for a total transaction of C$49,800.00. Over the last quarter, insiders have sold 2,557 shares of company stock valued at $127,889. 0.61% of the stock is currently owned by insiders.
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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