ATCO (TSE:ACO.Y) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of ATCO Ltd. (TSE:ACO.YGet Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$60.00 and traded as high as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares traded.

ATCO Stock Performance

The firm has a 50 day simple moving average of C$60.00 and a 200-day simple moving average of C$60.57. The company has a debt-to-equity ratio of 131.63, a current ratio of 1.42 and a quick ratio of 1.48. The company has a market cap of C$6.73 billion, a price-to-earnings ratio of 15.67 and a beta of 0.69.

About ATCO

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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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