Atlas Copco (OTCMKTS:ATLKY) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Atlas Copco AB (OTCMKTS:ATLKY) shares crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.90 and traded as low as $16.39. Atlas Copco shares last traded at $16.63, with a volume of 133,989 shares changing hands.

Atlas Copco Stock Performance

The company has a quick ratio of 1.20, a current ratio of 1.72 and a debt-to-equity ratio of 0.28. The firm has a market cap of $81.07 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 4.99 and a beta of 1.21. The business’s 50-day simple moving average is $17.13 and its two-hundred day simple moving average is $16.90.

Atlas Copco (OTCMKTS:ATLKY) last issued its quarterly earnings results on Tuesday, January 28th. The industrial products company reported $0.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.01. Atlas Copco had a return on equity of 28.31% and a net margin of 16.84%. As a group, sell-side analysts expect that Atlas Copco AB will post 0.55 earnings per share 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.