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Atlas Copco (OTCMKTS:ATLKY) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Atlas Copco logo with Industrials background

Key Points

  • Atlas Copco's share price fell below its 200-day moving average of $16.38, trading as low as $15.70 before closing at $15.98 with a volume of 295,911 shares.
  • Redburn Atlantic downgraded Atlas Copco from a "strong-buy" rating to a "hold" rating, signaling a shift in analyst sentiment.
  • The company reported $0.14 earnings per share for its last quarter, which matched analyst expectations, with revenues of $4.22 billion.
  • Want stock alerts on Atlas Copco? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.38 and traded as low as $15.70. Atlas Copco shares last traded at $15.98, with a volume of 295,911 shares traded.

Analyst Ratings Changes

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

Check Out Our Latest Stock Report on Atlas Copco

Atlas Copco Trading Up 0.1%

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 stock has a market cap of $77.20 billion, a P/E ratio of 28.28, a P/E/G ratio of 22.27 and a beta of 1.35. The company has a 50-day simple moving average of $16.24 and a 200-day simple moving average of $16.39.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The industrial products company reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. The firm had revenue of $4.22 billion during the quarter, compared to analyst estimates of $42.93 billion. Atlas Copco had a net margin of 16.22% and a return on equity of 26.20%. On average, sell-side analysts forecast 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.

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