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

Atlas Copco AB (OTCMKTS:ATLKY) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.44 and traded as low as $16.16. Atlas Copco shares last traded at $16.38, with a volume of 100,781 shares traded.

Analyst Upgrades and Downgrades

ATLKY has been the topic of several research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research note on Tuesday, October 28th. UBS Group lowered shares of Atlas Copco to a “sell” rating in a research report on Tuesday, October 28th. BNP Paribas raised Atlas Copco from a “hold” rating to an “outperform” rating in a report on Thursday, September 4th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a research report on Monday, October 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold”.

Atlas Copco Trading Down 1.9%

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.09 and a current ratio of 1.55. The stock has a market cap of $79.85 billion, a P/E ratio of 29.25, a P/E/G ratio of 8.80 and a beta of 1.40. The company has a 50-day simple moving average of $17.23 and a 200-day simple moving average of $16.44.

Atlas Copco (OTCMKTS:ATLKY) last announced its earnings results on Thursday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.14. Atlas Copco had a net margin of 16.08% and a return on equity of 25.84%. The company had revenue of $4.43 billion for the quarter, compared to analyst estimates of $4.42 billion. On average, sell-side analysts forecast that Atlas Copco AB will post 0.55 EPS for the current fiscal year.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.