ATCO (TSE:ACO.Y) Share Price Passes Above Fifty Day Moving Average – What’s Next?

ATCO Ltd. (TSE:ACO.Y) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$60.00 and traded as high as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares traded.

ATCO Stock Performance

The company has a market cap of C$6.73 billion, a P/E ratio of 15.67 and a beta of 0.69. The business’s 50 day simple moving average is C$60.00 and its 200 day simple moving average is C$60.00. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.