ATCO (TSE:ACO.Y) Stock Price Passes Below 200-Day Moving Average - Here's Why

Key Points

• ATCO Ltd.'s stock price has dipped below its 200-day moving average of C$51.64, trading as low as C$51.41.
• The company has a market capitalization of C$5.78 billion and operates primarily in gas, electric, and infrastructure solutions through its subsidiary Canadian Utilities.
• ATCO has a debt-to-equity ratio of 131.63 and a P/E ratio of 13.15, indicating a moderate financial risk level.

ATCO Ltd. (TSE:ACO.Y - ) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$51.64 and traded as low as C$51.41. ATCO shares last traded at C$51.41, with a volume of 1,000 shares traded.

ATCO Price Performance

The firm's 50-day moving average is C$51.04 and its two-hundred day moving average is C$51.64. The company has a market cap of C$5.78 billion, a P/E ratio of 13.15 and a beta of 0.67. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

About ATCO

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.

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.