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ATCO (TSE:ACO.Y) Share Price Passes Below 50-Day Moving Average - Time to Sell?

ATCO logo with Utilities background

Key Points

  • ATCO Ltd.'s share price has crossed below its 50-day moving average of C$51.40, closing at C$49.93 with a trading volume of 720 shares.
  • The company has a debt-to-equity ratio of 131.63 and a market capitalization of C$5.62 billion, indicating financial leverage and size.
  • ATCO is a Canadian holding company providing gas, electric, and infrastructure solutions, with a primary focus on utilities and logistics services.
  • MarketBeat previews top five stocks to own in October.

ATCO Ltd. (TSE:ACO.Y - Get Free Report)'s share price crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$51.40 and traded as low as C$48.99. ATCO shares last traded at C$49.93, with a volume of 720 shares.

ATCO Stock Performance

The business has a fifty day simple moving average of C$51.40 and a two-hundred day simple moving average of C$51.51. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The company has a market cap of C$5.62 billion, a PE ratio of 12.77 and a beta of 0.78.

About ATCO

(Get Free Report)

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.

See Also

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