Atlas Copco (OTCMKTS:ATLKY) Stock Crosses Above 50-Day Moving Average – What’s Next?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $19.65 and traded as high as $20.71. Atlas Copco shares last traded at $20.64, with a volume of 714,640 shares.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ATLKY shares. The Goldman Sachs Group upgraded Atlas Copco from a “neutral” rating to a “buy” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a research report on Wednesday, April 29th. Rothschild & Co Redburn raised shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 20th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Friday, July 17th. Finally, Royal Bank Of Canada restated an “underperform” rating on shares of Atlas Copco in a research report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Atlas Copco Trading Down 0.9%

The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.20 and a current ratio of 1.70. The stock has a market cap of $100.53 billion, a P/E ratio of 36.21, a P/E/G ratio of 1.90 and a beta of 1.42. The stock has a 50-day moving average price of $19.65 and a 200-day moving average price of $19.74.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings data on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.01). The company had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.61 billion. Atlas Copco had a return on equity of 23.81% and a net margin of 15.66%. On average, equities research analysts expect that Atlas Copco AB will post 0.65 EPS for the current year.

Atlas Copco Company Profile

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.