Atlas Copco (OTCMKTS:ATLKY) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Shares of Atlas Copco AB (OTCMKTS:ATLKY) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.07 and traded as low as $16.31. Atlas Copco shares last traded at $16.36, with a volume of 149,906 shares trading hands.

Atlas Copco Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.02 and a current ratio of 1.51. The business’s 50 day moving average is $17.89 and its two-hundred day moving average is $18.07.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings data on Wednesday, October 23rd. The industrial products company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Atlas Copco had a return on equity of 29.43% and a net margin of 16.37%. The business had revenue of $4.14 billion during the quarter. As a group, equities analysts expect that Atlas Copco AB will post 0.57 earnings per share for the current year.

About Atlas Copco

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.