Atlas Copco (OTCMKTS:ATLKY) Shares Pass Below Two Hundred Day Moving Average - What's Next?

Key Points

• Atlas Copco's stock price has recently fallen below its 200-day moving average, trading at $15.32, indicating potential volatility in its market performance.
• Redburn Atlantic has downgraded Atlas Copco from a "strong-buy" rating to a "hold" rating, signaling a shift in analyst sentiment towards the stock.
• For the latest quarter, Atlas Copco reported an EPS of $0.14 and revenues of $4.22 billion, aligning with analysts' estimates, but highlighting challenges in meeting sales expectations.

Shares of Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.28 and traded as low as $15.07. Atlas Copco shares last traded at $15.32, with a volume of 213,290 shares traded.

Atlas Copco Stock Up 1.8%

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.55 and a quick ratio of 1.09. The stock has a 50 day moving average price of $15.96 and a 200-day moving average price of $16.28. The stock has a market capitalization of $76.25 billion, a P/E ratio of 27.93 and a beta of 1.36.

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