ATCO (TSE:ACO.Y) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

ATCO Ltd. (TSE:ACO.Y)’s stock price crossed above its fifty day moving average during trading on Friday . 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.

ATCO Trading Down 0.9%

The company has a quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The stock has a market capitalization of C$6.73 billion, a P/E ratio of 15.67 and a beta of 0.69. The firm’s 50-day simple moving average is C$60.00 and its 200 day simple moving average is C$58.11.

ATCO Company Profile

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.