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ATCO (TSE:ACO.Y) Stock Crosses Above 50 Day Moving Average - Here's Why

ATCO logo with Utilities background

ATCO Ltd. (TSE:ACO.Y - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$50.75 and traded as high as C$52.50. ATCO shares last traded at C$52.50, with a volume of 750 shares changing hands.

ATCO Price Performance

The firm has a market cap of C$652.58 million, a P/E ratio of 15.35 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. The firm has a 50-day simple moving average of C$50.75 and a 200-day simple moving average of C$49.85.

About ATCO

(Get Free Report)

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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