Atlas Copco (OTCMKTS:ATLKY) Stock Price Crosses Above 50 Day Moving Average - Should You Sell?

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $16.02 and traded as high as $16.64. Atlas Copco shares last traded at $16.57, with a volume of 435,005 shares.

Wall Street Analysts Forecast Growth

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

Atlas Copco Stock Performance

The company has a current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The company's fifty day moving average is $15.93 and its 200 day moving average is $16.26. The company has a market cap of $82.73 billion, a P/E ratio of 29.26, a price-to-earnings-growth ratio of 4.99 and a beta of 1.40.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). The firm had revenue of $4.43 billion during the quarter, compared to the consensus estimate of $45.27 billion. Atlas Copco had a return on equity of 28.31% and a net margin of 16.84%. As a group, equities analysts predict that Atlas Copco AB will post 0.55 earnings per share 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.