Atlas Copco (OTCMKTS:ATLKY) Stock Price Passes Below 200 Day Moving Average of $13.17

Atlas Copco AB (OTCMKTS:ATLKYGet Rating)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $13.17 and traded as low as $11.41. Atlas Copco shares last traded at $11.57, with a volume of 257,518 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently commented on ATLKY. Morgan Stanley cut their price target on shares of Atlas Copco from SEK 122.25 to SEK 116.50 and set an “equal weight” rating on the stock in a report on Wednesday, April 27th. Sanford C. Bernstein downgraded shares of Atlas Copco from a “market perform” rating to an “underperform” rating and set a $84.00 price target on the stock. in a report on Monday, July 11th. Finally, Credit Suisse Group began coverage on shares of Atlas Copco in a report on Friday, June 17th. They set a “hold” rating and a $141.10 price target on the stock. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $136.74.

Atlas Copco Price Performance

The firm’s 50-day moving average price is $10.31 and its two-hundred day moving average price is $13.17. The stock has a market cap of $56.36 billion, a PE ratio of 25.43, a PEG ratio of 3.70 and a beta of 1.23. The company has a current ratio of 1.29, a quick ratio of 1.25 and a debt-to-equity ratio of 0.33.

About Atlas Copco

(Get Rating)

Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.

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