ATCO (OTCMKTS:ACLLF) Stock Passes Above 50-Day Moving Average – Here’s What Happened

ATCO Ltd. (OTCMKTS:ACLLF)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $39.97 and traded as high as $41.20. ATCO shares last traded at $41.20, with a volume of 744 shares traded.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ACLLF shares. Royal Bank Of Canada restated a “sector perform” rating on shares of ATCO in a research note on Monday, November 10th. BMO Capital Markets reissued an “outperform” rating on shares of ATCO in a research report on Monday, December 15th. National Bankshares reaffirmed a “sector perform” rating on shares of ATCO in a research report on Monday, November 10th. Scotiabank reissued a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Finally, CIBC restated an “outperform” rating on shares of ATCO in a report on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, ATCO has an average rating of “Hold”.

ATCO Price Performance

The business has a 50 day simple moving average of $40.00 and a 200-day simple moving average of $37.83.

About ATCO

ATCO Ltd. is a diversified Canadian holding company headquartered in Calgary, Alberta, with operations spanning structures and logistics, utilities, energy, and retail energy services. Through its Structures & Logistics division, ATCO designs, manufactures and rents modular buildings, workforce housing and specialized structures for industrial, military and commercial clients. Its Utilities business encompasses electricity generation, transmission and distribution, as well as natural gas transmission and distribution networks that serve residential, commercial and industrial customers across multiple regions.

In its Energy division, ATCO develops and operates oil sands cold flow projects, power generation facilities and natural gas liquids pipelines, offering integrated solutions to the upstream and midstream sectors.