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

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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.

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