Atlas Copco (OTCMKTS:ATLKY) Shares Pass Above 50 Day Moving Average - Time to Sell?

Key Points

• Atlas Copco's shares crossed above the 50-day moving average of $16.11, trading as high as $17.19 and last priced at $17.11 with a volume of 125,388 shares.
• BNP Paribas upgraded the stock from a "hold" to an "outperform" rating, contributing to a consensus rating of "Moderate Buy".
• The company reported earnings of $0.14 per share for the last quarter, meeting analysts' expectations, with a market capitalization of $83.41 billion.

Shares of Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $16.11 and traded as high as $17.19. Atlas Copco shares last traded at $17.11, with a volume of 125,388 shares trading hands.

Analyst Upgrades and Downgrades

Separately, BNP Paribas upgraded 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 given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Atlas Copco Trading Up 0.7%

The stock has a market capitalization of $83.41 billion, a PE ratio of 30.55, a P/E/G ratio of 8.80 and a beta of 1.41. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 0.32. The stock has a 50 day moving average price of $16.11 and a 200-day moving average price of $16.08.

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

About Atlas Copco

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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