Atlas Copco (OTCMKTS:ATLKY) Share Price Passes Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Atlas Copco AB's stock price has fallen below its 200-day moving average of $16.19, trading at $16.01 on Thursday.
• The company recently reported a quarterly earnings per share (EPS) of $0.14, matching analyst expectations, with revenue of $4.22 billion.
• Atlas Copco has a market capitalization of $78.05 billion and a debt-to-equity ratio of 0.32, indicating a solid financial position.

Shares of Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.19 and traded as low as $15.92. Atlas Copco shares last traded at $16.01, with a volume of 143,809 shares.

Atlas Copco Price Performance

The company has a quick ratio of 1.09, a current ratio of 1.55 and a debt-to-equity ratio of 0.32. The stock has a market cap of $77.81 billion, a price-to-earnings ratio of 28.50 and a beta of 1.37. The stock has a fifty day moving average of $15.87 and a two-hundred day moving average of $16.18.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last posted its earnings results on Friday, July 18th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a return on equity of 26.14% and a net margin of 16.22%.The company had revenue of $4.22 billion for the quarter, compared to analyst estimates of $42.93 billion. On average, equities research analysts anticipate that Atlas Copco AB will post 0.55 earnings per share for the current year.

Atlas Copco Company Profile

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.