Atlas Copco (OTCMKTS:ATLKY) Stock Crosses Above Fifty Day Moving Average - Here's Why

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 $16.22 and traded as high as $16.84. Atlas Copco shares last traded at $16.84, with a volume of 270,948 shares traded.

Wall Street Analysts Forecast Growth

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

Atlas Copco Price Performance

The company has a debt-to-equity ratio of 0.25, a current ratio of 1.74 and a quick ratio of 1.23. The stock has a market capitalization of $83.66 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 19.64 and a beta of 1.35. The stock's 50 day simple moving average is $16.22 and its 200-day simple moving average is $16.30.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). Atlas Copco had a return on equity of 27.36% and a net margin of 16.53%. The firm had revenue of $4.43 billion during the quarter, compared to analyst estimates of $45.27 billion. On average, analysts expect that Atlas Copco AB will post 0.55 EPS for the current fiscal 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.