Atlas Copco (OTCMKTS:ATLKY) Shares Cross Above Fifty Day Moving Average - What's Next?

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $16.13 and traded as high as $16.17. Atlas Copco shares last traded at $16.16, with a volume of 152,911 shares.

Analysts Set New Price Targets

Separately, Redburn Atlantic cut Atlas Copco from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 15th.

Atlas Copco Stock Performance

The stock has a 50 day moving average of $16.16 and a 200 day moving average of $16.28. The company has a quick ratio of 1.23, a current ratio of 1.74 and a debt-to-equity ratio of 0.25. The firm has a market cap of $80.15 billion, a price-to-earnings ratio of 28.84, a P/E/G ratio of 19.45 and a beta of 1.35.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $45.27 billion. Atlas Copco had a net margin of 16.53% and a return on equity of 27.36%. As a group, analysts anticipate 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.