Atlas Copco (OTCMKTS:ATLKY) Stock Passes Below 200 Day Moving Average – Here’s Why

Atlas Copco AB (OTCMKTS:ATLKY) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $17.18 and traded as low as $15.61. Atlas Copco shares last traded at $15.76, with a volume of 300,269 shares traded.

Atlas Copco Price Performance

The stock’s 50 day moving average is $15.90 and its two-hundred day moving average is $17.18. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.08 and a current ratio of 1.56. The stock has a market capitalization of $76.83 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 4.57 and a beta of 1.16.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $4.14 billion during the quarter. Atlas Copco had a return on equity of 29.00% and a net margin of 16.37%. On average, equities analysts anticipate 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.