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

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.

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s stock price passed 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 Stock Performance

The company has a market cap of $77.27 billion, a PE ratio of 28.30 and a beta of 1.36. The company has a current ratio of 1.55, a quick ratio of 1.09 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $15.85 and its two-hundred day simple moving average is $16.20.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last released its earnings results on Friday, July 18th. The industrial products company reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The company had revenue of $4.22 billion for the quarter, compared to the consensus estimate of $42.93 billion. Atlas Copco had a net margin of 16.22% and a return on equity of 26.14%. As a group, research analysts anticipate 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.