ATCO (OTCMKTS:ACLLF) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

ATCO Ltd. (OTCMKTS:ACLLF) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $41.96 and traded as high as $45.75. ATCO shares last traded at $45.62, with a volume of 1,420 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. BMO Capital Markets restated an “outperform” rating on shares of ATCO in a research note on Monday, December 15th. National Bank Financial reissued a “sector perform” rating on shares of ATCO in a research note on Monday, November 10th. Scotiabank restated a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of ATCO in a research report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, ATCO presently has an average rating of “Hold”.

ATCO Stock Down 0.1%

The stock has a fifty day simple moving average of $41.96 and a 200 day simple moving average of $38.89.

ATCO Company Profile

ATCO Ltd. is a diversified Canadian holding company headquartered in Calgary, Alberta, with operations spanning structures and logistics, utilities, energy, and retail energy services. Through its Structures & Logistics division, ATCO designs, manufactures and rents modular buildings, workforce housing and specialized structures for industrial, military and commercial clients. Its Utilities business encompasses electricity generation, transmission and distribution, as well as natural gas transmission and distribution networks that serve residential, commercial and industrial customers across multiple regions.

In its Energy division, ATCO develops and operates oil sands cold flow projects, power generation facilities and natural gas liquids pipelines, offering integrated solutions to the upstream and midstream sectors.