ATCO (TSE:ACO.Y) Shares Pass Above 50 Day Moving Average – Here’s What Happened

ATCO Ltd. (TSE:ACO.Y) shares crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$60.00 and traded as high as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares changing hands.

ATCO Stock Performance

The stock has a fifty day moving average of C$60.00 and a 200-day moving average of C$60.54. The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The company has a market cap of C$6.73 billion, a PE ratio of 15.67 and a beta of 0.69.

ATCO Company Profile

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.