Atlas Copco (OTCMKTS:ATLKY) Shares Cross Below 200 Day Moving Average - Here's Why

Atlas Copco AB (OTCMKTS:ATLKY - Get Free Report)'s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.32 and traded as low as $15.22. Atlas Copco shares last traded at $15.31, with a volume of 172,498 shares changing hands.

Atlas Copco Trading Up 1.0 %

The stock has a market capitalization of $75.37 billion, a PE ratio of 27.61, a P/E/G ratio of 4.57 and a beta of 1.16. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.56 and a quick ratio of 1.08. The company's 50 day moving average price is $16.02 and its two-hundred day moving average price is $17.32.

Atlas Copco (OTCMKTS:ATLKY - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The industrial products company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Atlas Copco had a return on equity of 29.00% and a net margin of 16.37%. The firm had revenue of $4.14 billion for the quarter. As a group, analysts expect that Atlas Copco AB will post 0.55 earnings per share for the current year.

Atlas Copco Company Profile

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.