Atlas Copco (OTCMKTS:ATLKY) Shares Pass Above 50 Day Moving Average – Time to Sell?

Atlas Copco AB (OTCMKTS:ATLKY) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $16.11 and traded as high as $17.19. Atlas Copco shares last traded at $17.11, with a volume of 125,388 shares changing hands.

Analyst Ratings Changes

Separately, BNP Paribas upgraded Atlas Copco from a “hold” rating to an “outperform” rating in a research report on Thursday, September 4th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Atlas Copco currently has an average rating of “Moderate Buy”.

Atlas Copco Stock Up 0.7%

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.55 and a quick ratio of 1.09. The company has a 50-day moving average of $16.11 and a two-hundred day moving average of $16.08. The company has a market capitalization of $83.41 billion, a PE ratio of 30.55, a P/E/G ratio of 8.80 and a beta of 1.41.

Atlas Copco (OTCMKTS:ATLKY) last posted its quarterly earnings results on Friday, July 18th. The industrial products company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $4.22 billion for the quarter, compared to analysts’ expectations of $42.93 billion. Atlas Copco had a return on equity of 26.14% and a net margin of 16.22%. Sell-side analysts anticipate that Atlas Copco AB will post 0.55 earnings per share for the current fiscal year.

About Atlas Copco

Atlas Copco AB provides compressed air and gas, vacuum, energy, dewatering and industrial pump, industrial power tool, and assembly and machine vision solutions in North America, South America, Europe, Africa, the Middle East, Asia, and Oceania. It operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments.