Free Trial

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

Atlas Copco logo with Industrials background

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.

Read Our Latest Stock Report on Atlas Copco

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

(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.

See Also

Should You Invest $1,000 in Atlas Copco Right Now?

Before you consider Atlas Copco, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlas Copco wasn't on the list.

While Atlas Copco currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

A Beginner's Guide to Investing in Cannabis Cover

Unlock your free copy of MarketBeat's comprehensive guide to pot stock investing and discover which cannabis companies are poised for growth. Plus, you'll get exclusive access to our daily newsletter with expert stock recommendations from Wall Street's top analysts.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Don’t Miss These Top 3 Defense Stocks Set To Gain
Triple-Digit Gains: These 4 Nuclear Stocks Have Even More Upside Ahead
3 Made in America Stocks Under $20 You Need to See!

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines