ATCO (TSE:ACO.Y) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

ATCO Ltd. (TSE:ACO.Y)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$60.00 and traded as high as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares trading hands.

ATCO Stock Down 0.9%

The stock has a market capitalization of C$6.73 billion, a price-to-earnings ratio of 15.67 and a beta of 0.69. The business has a 50-day moving average of C$60.00 and a 200-day moving average of C$57.45. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

About ATCO

Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.