Atlas Copco (OTCMKTS:ATLKY) Stock Passes Below 200 Day Moving Average of $11.40

Atlas Copco AB (OTCMKTS:ATLKY – Get Rating)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.40 and traded as low as $11.31. Atlas Copco shares last traded at $11.42, with a volume of 203,923 shares traded.

Wall Street Analysts Forecast Growth

ATLKY has been the subject of a number of research reports. JPMorgan Chase & Co. increased their target price on shares of Atlas Copco from SEK 135 to SEK 150 and gave the stock an “overweight” rating in a research report on Thursday, December 8th. Berenberg Bank increased their target price on shares of Atlas Copco from SEK 135 to SEK 140 in a research report on Monday, November 28th. Societe Generale lowered shares of Atlas Copco from a “buy” rating to a “hold” rating in a research report on Monday, January 30th. Royal Bank of Canada lowered shares of Atlas Copco from a “sector perform” rating to an “underperform” rating and set a $110.00 target price for the company. in a research report on Monday, January 16th. Finally, Nordea Equity Research downgraded shares of Atlas Copco from a “buy” rating to a “hold” rating in a report on Friday, January 13th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $118.01.

Atlas Copco Price Performance

The business’s 50 day moving average is $12.13 and its two-hundred day moving average is $11.40. The firm has a market capitalization of $55.63 billion, a PE ratio of 23.79, a P/E/G ratio of 10.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.31 and a quick ratio of 0.86.

Atlas Copco (OTCMKTS:ATLKY – Get Rating) last announced its earnings results on Thursday, January 26th. The industrial products company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $3.74 billion for the quarter, compared to the consensus estimate of $3.31 billion. Atlas Copco had a net margin of 16.65% and a return on equity of 31.08%. As a group, research analysts anticipate that Atlas Copco AB will post 0.48 EPS for the current year.

About Atlas Copco

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Atlas Copco AB engages in the provision of sustainable productivity solutions. The firm offers compressors, vacuum solutions, generators, power tools, and assembly systems. It operates through the following segments: Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique. The Compressor Technique segment provides compressed air solutions, industrial compressors, gas and process compressors and expanders, air and gas treatment equipment, and air management systems.