Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) passed 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.
Analysts Set New Price Targets
Separately, Redburn Atlantic lowered 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 Price Performance
The company has a market cap of $81.66 billion, a price-to-earnings ratio of 29.39, a P/E/G ratio of 20.30 and a beta of 1.35. The company's 50-day simple moving average is $16.28 and its 200-day simple moving average is $16.33. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.74 and a quick ratio of 1.23.
Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $4.43 billion for 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%. On average, equities research analysts anticipate that Atlas Copco AB will post 0.55 EPS for the current 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.
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