Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.30 and traded as low as $15.96. Atlas Copco shares last traded at $16.08, with a volume of 257,671 shares traded.
Analysts Set New Price Targets
Separately, Redburn Atlantic downgraded shares of Atlas Copco from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 15th.
Check Out Our Latest Stock Report on ATLKY
Atlas Copco Trading Down 1.8%
The company's 50 day simple moving average is $15.98 and its 200 day simple moving average is $16.30. The firm has a market cap of $78.39 billion, a price-to-earnings ratio of 27.72, a P/E/G ratio of 4.99 and a beta of 1.37. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.72 and a quick ratio of 1.20.
Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The industrial products company reported $0.13 EPS 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 return on equity of 28.31% and a net margin of 16.84%. As a group, research analysts expect that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.
Atlas Copco Company Profile
(
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
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
