ATCO (TSE:ACO.Y) Shares Cross Below Fifty Day Moving Average – Here’s Why

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

ATCO Trading Down 0.9%

The firm has a market capitalization of C$6.73 billion, a P/E ratio of 15.67 and a beta of 0.69. 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 business’s 50 day moving average is C$60.00 and its two-hundred day moving average is C$60.00.

About ATCO

(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.

Further Reading

Receive News & Ratings for ATCO Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ATCO and related companies with MarketBeat.com's FREE daily email newsletter.