Atlas Copco (OTCMKTS:ATLKY) Share Price Crosses Above 50 Day Moving Average - What's Next?

Key Points

• Atlas Copco's stock price has crossed above its 50-day moving average of $16.00, reaching a trading high of $17.36.
• BNP Paribas upgraded Atlas Copco from a "hold" to an "outperform" rating, contributing to a positive outlook with an average rating of "Moderate Buy" from analysts.
• The company reported a net margin of 16.22% and expects to post an EPS of 0.55 for the current fiscal year.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.00 and traded as high as $17.36. Atlas Copco shares last traded at $17.34, with a volume of 127,730 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, BNP Paribas raised Atlas Copco from a "hold" rating to an "outperform" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

Atlas Copco Stock Up 0.8%

The stock has a market capitalization of $84.53 billion, a P/E ratio of 30.96 and a beta of 1.37. The stock's fifty day simple moving average is $16.00 and its two-hundred day simple moving average is $16.09. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.09 and a current ratio of 1.55.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its quarterly earnings results on Friday, July 18th. The industrial products company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $42.93 billion. Atlas Copco had a net margin of 16.22% and a return on equity of 26.14%. As a group, research analysts expect that Atlas Copco AB will post 0.55 EPS for the current fiscal year.

Atlas Copco Company Profile

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.

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