ATCO (TSE:ACO.Y) Stock Passes Below Fifty Day Moving Average – Here’s What Happened

ATCO Ltd. (TSE:ACO.YGet Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of C$60.72 and traded as low as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares trading hands.

ATCO Stock Performance

The company’s fifty day moving average price is C$60.72 and its two-hundred day moving average price is C$54.78. The firm has a market capitalization of C$6.73 billion, a PE ratio of 15.67 and a beta of 0.69. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

ATCO Company Profile

(Get Free Report)

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.

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