Atlas Copco (OTCMKTS:ATLKY) Share Price Crosses Below 200 Day Moving Average - What's Next?

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $16.28 and traded as low as $16.21. Atlas Copco shares last traded at $16.47, with a volume of 1,285,552 shares.

Wall Street Analyst Weigh In

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

Atlas Copco Stock Down 1.6%

The stock's fifty day moving average is $15.83 and its two-hundred day moving average is $16.27. The company has a current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $79.41 billion, a PE ratio of 28.09, a P/E/G ratio of 4.99 and a beta of 1.40.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The industrial products company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.01). The business had revenue of $4.43 billion for the quarter, compared to analysts' expectations of $45.27 billion. Atlas Copco had a net margin of 16.84% and a return on equity of 28.31%. As a group, analysts predict that Atlas Copco AB will post 0.55 EPS for the current year.

About Atlas Copco

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.