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

Atlas Copco logo with Industrials background

Key Points

  • Atlas Copco's stock price fell below its 200-day moving average of $16.24, trading at $15.58.
  • The company reported earnings per share (EPS) of $0.14, matching analysts' expectations, with a net margin of 16.22% and revenue of $4.22 billion for the last quarter.
  • Atlas Copco has a market capitalization of approximately $75.95 billion and a P/E ratio of 27.82.
  • 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 share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.24 and traded as low as $15.50. Atlas Copco shares last traded at $15.58, with a volume of 138,711 shares traded.

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 firm has a market cap of $77.85 billion, a P/E ratio of 28.52 and a beta of 1.36. The business has a fifty day moving average of $15.86 and a 200 day moving average of $16.23.

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

Further Reading

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