Atlas Copco (OTCMKTS:ATLKY) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analyst Ratings Changes

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.

Atlas Copco Stock Performance

The stock's 50-day simple moving average is $15.84 and its 200-day simple moving average is $16.27. The stock has a market cap of $80.68 billion, a price-to-earnings ratio of 28.53, a price-to-earnings-growth ratio of 4.99 and a beta of 1.40. The company has a current ratio of 1.72, a quick ratio of 1.20 and a debt-to-equity ratio of 0.28.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The industrial products company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.01). The company 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%. Analysts forecast that Atlas Copco AB will post 0.55 earnings per share for the current fiscal 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.