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ATCO (TSE:ACO.Y) Shares Pass Below 200 Day Moving Average - What's Next?

ATCO logo with Utilities background

Key Points

  • ATCO Ltd.'s stock price fell below its two hundred day moving average of C$51.48, reaching a low of C$50.51 during trading.
  • The company's market capitalization is C$5.68 billion with a price-to-earnings ratio of 12.92.
  • ATCO primarily operates in gas, electric, and infrastructure solutions, with its largest subsidiary focusing on utilities services.
  • Interested in ATCO? Here are five stocks we like better.

ATCO Ltd. (TSE:ACO.Y - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$51.48 and traded as low as C$50.51. ATCO shares last traded at C$50.51, with a volume of 5,900 shares trading hands.

ATCO Price Performance

The firm's 50 day moving average price is C$51.79 and its two-hundred day moving average price is C$51.51. The company has a market cap of C$5.68 billion, a P/E ratio of 12.92 and a beta of 0.78. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

ATCO Company Profile

(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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