Atlas Copco (OTCMKTS:ATLKY) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Atlas Copco AB (OTCMKTS:ATLKY)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $19.65 and traded as high as $20.71. Atlas Copco shares last traded at $20.64, with a volume of 714,640 shares.

Wall Street Analysts Forecast Growth

ATLKY has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Atlas Copco in a research note on Wednesday, April 29th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a research report on Friday, July 17th. The Goldman Sachs Group raised shares of Atlas Copco from a “neutral” rating to a “buy” rating in a report on Wednesday. Rothschild & Co Redburn raised Atlas Copco from a “hold” rating to a “strong-buy” rating in a report on Monday, April 20th. Finally, Royal Bank Of Canada reissued an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two 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 “Moderate Buy”.

Atlas Copco Trading Up 1.3%

The firm’s 50-day simple moving average is $19.70 and its 200 day simple moving average is $19.75. The stock has a market cap of $102.09 billion, a P/E ratio of 36.77, a PEG ratio of 1.88 and a beta of 1.42. The company has a current ratio of 1.70, a quick ratio of 1.20 and a debt-to-equity ratio of 0.24.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings results on Thursday, July 16th. The industrial products company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). Atlas Copco had a net margin of 15.66% and a return on equity of 23.81%. The business had revenue of $4.66 billion for the quarter, compared to the consensus estimate of $4.61 billion. As a group, equities research analysts anticipate that Atlas Copco AB will post 0.65 earnings per share for the current year.

Atlas Copco Company Profile

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.