Free Trial

ATCO (TSE:ACO.Y) Stock Price Down 2% - Here's What Happened

ATCO logo with Utilities background

ATCO Ltd. (TSE:ACO.Y - Get Free Report)'s share price was down 2% during mid-day trading on Wednesday . The company traded as low as C$50.00 and last traded at C$50.00. Approximately 500 shares changed hands during trading, a decline of 76% from the average daily volume of 2,121 shares. The stock had previously closed at C$51.00.

ATCO Stock Performance

The stock has a 50-day moving average of C$48.73 and a 200 day moving average of C$44.99. The firm has a market capitalization of C$621.50 million, a P/E ratio of 14.62 and a beta of 0.74. 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

(Get Free Report)

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.

Further Reading

→ You’re invited! See my NEWEST trading strategy (From Monument Traders Alliance) (Ad)

Should you invest $1,000 in ATCO right now?

Before you consider ATCO, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ATCO wasn't on the list.

While ATCO currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

Small Caps, Financials & Bitcoin Lead the Rising Bull Market: Chris Rowe’s Top Picks
MicroStrategy Stock: Riding Bitcoin’s Wave to New Highs
How Abacus Life is Transforming Life Insurance into Assets | MarketBeat CEO Series

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines