Atlas Copco (OTCMKTS:ATLKY) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Atlas Copco AB (OTCMKTS:ATLKY)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.41 and traded as low as $16.6040. Atlas Copco shares last traded at $16.74, with a volume of 270,065 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barclays raised shares of Atlas Copco from a “hold” rating to an “overweight” rating in a research report on Wednesday, December 3rd. Citigroup restated a “buy” rating on shares of Atlas Copco in a report on Thursday, January 22nd. Sanford C. Bernstein raised shares of Atlas Copco from a “hold” rating to an “outperform” rating in a research note on Wednesday, January 7th. The Goldman Sachs Group downgraded shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a report on Friday, January 16th. Four analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Atlas Copco has a consensus rating of “Hold”.

Atlas Copco Stock Performance

The stock’s 50 day moving average is $20.40 and its two-hundred day moving average is $18.41. The firm has a market capitalization of $81.61 billion, a P/E ratio of 30.44, a P/E/G ratio of 2.39 and a beta of 1.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08.

Atlas Copco (OTCMKTS:ATLKY) last released its earnings results on Tuesday, January 27th. The industrial products company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $4.80 billion during the quarter, compared to analyst estimates of $4.68 billion. Atlas Copco had a net margin of 15.70% and a return on equity of 24.94%. As a group, equities analysts anticipate that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

Atlas Copco Company Profile

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.