Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s share price 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 trading hands.
Analysts Set New Price Targets
Separately, Redburn Atlantic downgraded Atlas Copco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th.
Read Our Latest Analysis on Atlas Copco
Atlas Copco Trading Down 2.4%
The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.23 and a current ratio of 1.74. The company has a 50 day simple moving average of $16.28 and a two-hundred day simple moving average of $16.33. The firm has a market cap of $81.66 billion, a PE ratio of 29.39, a P/E/G ratio of 19.82 and a beta of 1.35.
Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.01). The firm had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $45.27 billion. Atlas Copco had a net margin of 16.53% and a return on equity of 27.36%. Analysts expect that Atlas Copco AB will post 0.55 EPS for the current fiscal year.
About Atlas Copco
(
Get Free Report)
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.
Further Reading
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