ATCO (OTCMKTS:ACLLF) Share Price Passes Above 50 Day Moving Average – Should You Sell?

ATCO Ltd. (OTCMKTS:ACLLF) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $36.47 and traded as high as $38.11. ATCO shares last traded at $37.9850, with a volume of 375 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ACLLF. CIBC reaffirmed an “outperform” rating on shares of ATCO in a research note on Tuesday, October 21st. Scotiabank restated a “sector perform” rating on shares of ATCO in a report on Monday, October 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, ATCO has a consensus rating of “Moderate Buy”.

ATCO Stock Up 0.8%

The firm has a 50 day moving average price of $36.47 and a 200-day moving average price of $36.77.

ATCO Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th were paid a $0.3683 dividend. This represents a dividend yield of 403.0%. The ex-dividend date was Thursday, September 4th. This is a boost from ATCO’s previous dividend of $0.36. ATCO’s dividend payout ratio (DPR) is 24.22%.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.