ATCO (TSE:ACO.Y) Shares Cross Below 200-Day Moving Average – Here’s Why

ATCO Ltd. (TSE:ACO.Y)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$60.00 and traded as low as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares traded.

ATCO Price Performance

The stock has a market capitalization of C$6.73 billion, a price-to-earnings ratio of 15.67 and a beta of 0.69. The company has a current ratio of 1.42, a quick ratio of 1.48 and a debt-to-equity ratio of 131.63. The stock has a fifty day moving average of C$60.00 and a two-hundred day moving average of C$60.00.

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.