Atlas Copco (OTCMKTS:ATLKY) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Atlas Copco AB (OTCMKTS:ATLKY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.89 and traded as low as $18.70. Atlas Copco shares last traded at $18.99, with a volume of 144,718 shares.

Wall Street Analyst Weigh In

ATLKY has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. The Goldman Sachs Group lowered shares of Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Citigroup reissued a “buy” rating on shares of Atlas Copco in a research note on Thursday, April 9th. Royal Bank Of Canada reiterated an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. Finally, Rothschild & Co Redburn upgraded shares of Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Atlas Copco Stock Down 1.0%

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.55 and a quick ratio of 1.08. The firm has a market capitalization of $92.49 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47. The business has a 50 day moving average price of $18.94 and a 200 day moving average price of $18.89.

Atlas Copco (OTCMKTS:ATLKY) last released its earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%.The firm had revenue of $4.36 billion for the quarter, compared to analyst estimates of $4.46 billion. On average, analysts predict that Atlas Copco AB will post 0.66 earnings per share for the current year.

About Atlas Copco

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.