ATCO (TSE:ACO.Y) Share Price Passes Below 50 Day Moving Average – What’s Next?

ATCO Ltd. (TSE:ACO.YGet Free Report)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 trading hands.

ATCO Stock Down 0.9%

The stock has a market capitalization of C$6.73 billion, a price-to-earnings 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 stock has a 50 day moving average price of C$60.00 and a 200 day moving average price of C$60.01.

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.

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