Atlas Copco (OTCMKTS:ATLKY) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Atlas Copco AB (OTCMKTS:ATLKY) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.93 and traded as low as $18.71. Atlas Copco shares last traded at $19.1550, with a volume of 255,082 shares trading hands.

Analyst Ratings Changes

ATLKY has been the topic of a number of research reports. Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a research note on Thursday, April 30th. Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. The Goldman Sachs Group lowered shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Finally, Pareto Securities lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a research note on Tuesday, January 27th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Atlas Copco Price Performance

The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The firm’s fifty day moving average price is $18.83 and its two-hundred day moving average price is $18.93. The stock has a market capitalization of $93.30 billion, a PE ratio of 34.21, a PEG ratio of 2.21 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a net margin of 15.69% and a return on equity of 25.21%. The firm had revenue of $4.36 billion during the quarter, compared to analysts’ expectations of $4.46 billion. On average, equities analysts predict that Atlas Copco AB will post 0.66 earnings per share for the current year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.