ATCO (TSE:ACO.Y) Stock Passes Below 50 Day Moving Average – What’s Next?

Shares of ATCO Ltd. (TSE:ACO.Y) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

ATCO Price Performance

The company’s 50 day moving average price is C$60.00 and its 200-day moving average price is C$59.07. The stock has a market cap of C$6.73 billion, a P/E ratio of 15.67 and a beta of 0.69. The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63.

ATCO Company Profile

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.