ATCO (TSE:ACO.Y) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

ATCO Ltd. (TSE:ACO.YGet Free Report)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$60.00 and traded as low as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares changing hands.

ATCO Price Performance

The firm has a market cap of C$6.73 billion, a P/E ratio of 15.67 and a beta of 0.69. The company has a fifty day moving average of C$60.00 and a 200-day moving average of C$60.00. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48.

ATCO Company Profile

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Atco Ltd is a Canadian holding company that offers gas, electric, and infrastructure solutions. The largest subsidiary of the company is Canadian utilities, which operates natural gas, electricity, and logistical services. Atco’s primary segments include Structures and Logistics; Utilities; Energy Infrastructure; Neltume Ports and Corporate and Other. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.

Further Reading

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