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ATCO (TSE:ACO.Y) Stock Price Crosses Below 50 Day Moving Average - Here's What Happened

ATCO logo with Utilities background

Key Points

  • ATCO Ltd.'s share price dropped below its 50-day moving average of C$52.45, trading as low as C$52.03 during Tuesday's trading session.
  • The company's market capitalization stands at C$646.86 million, with a PE ratio of 15.22 and a beta of 0.74, indicating relatively low volatility.
  • ATCO operates primarily in the fields of gas, electric, and infrastructure solutions, with a significant focus on utilities and logistics through its subsidiaries.
  • Looking to Export and Analyze ATCO Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

ATCO Ltd. (TSE:ACO.Y - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$52.45 and traded as low as C$52.03. ATCO shares last traded at C$52.04, with a volume of 240 shares trading hands.

ATCO Trading Up 0.0%

The business has a 50 day moving average of C$52.33 and a two-hundred day moving average of C$51.07. 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 firm has a market capitalization of C$643.38 million, a price-to-earnings ratio of 15.13 and a beta of 0.74.

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.

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