Atlas Copco (OTCMKTS:ATLKY) Share Price Crosses Below 200-Day Moving Average of $12.54

Shares of Atlas Copco AB (OTCMKTS:ATLKYGet Rating) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $12.54 and traded as low as $9.93. Atlas Copco shares last traded at $10.17, with a volume of 720,308 shares.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ATLKY shares. Sanford C. Bernstein lowered Atlas Copco from a “market perform” rating to an “underperform” rating and set a $84.00 price target for the company. in a research note on Monday, July 11th. Credit Suisse Group started coverage on Atlas Copco in a research note on Friday, June 17th. They issued a “hold” rating and a $141.10 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $136.74.

Atlas Copco Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.29 and a debt-to-equity ratio of 0.33. The firm has a fifty day moving average price of $10.50 and a two-hundred day moving average price of $12.54. The stock has a market capitalization of $49.54 billion, a P/E ratio of 22.35, a P/E/G ratio of 3.33 and a beta of 1.26.

Atlas Copco (OTCMKTS:ATLKYGet Rating) last issued its quarterly earnings results on Tuesday, July 19th. The industrial products company reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Atlas Copco had a return on equity of 29.83% and a net margin of 16.85%. The firm had revenue of $3.37 billion during the quarter, compared to the consensus estimate of $3.24 billion. On average, analysts expect that Atlas Copco AB will post 0.45 EPS for the current year.

About Atlas Copco

(Get Rating)

Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.

See Also

Receive News & Ratings for Atlas Copco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlas Copco and related companies with's FREE daily email newsletter.