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

Atlas Copco AB (OTCMKTS:ATLKY)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.32 and traded as low as $15.22. Atlas Copco shares last traded at $15.31, with a volume of 172,498 shares traded.

Atlas Copco Stock Performance

The company has a market cap of $75.37 billion, a price-to-earnings ratio of 27.61, a price-to-earnings-growth ratio of 4.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.08 and a current ratio of 1.56. The stock’s fifty day simple moving average is $15.99 and its two-hundred day simple moving average is $17.30.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Wednesday, October 23rd. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $4.14 billion for the quarter. Atlas Copco had a net margin of 16.37% and a return on equity of 29.00%. Equities research analysts anticipate that Atlas Copco AB will post 0.55 EPS for the current year.

Atlas Copco Company Profile

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.