ATCO (TSE:ACO.X) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

ATCO Ltd. (TSE:ACO.X) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$47.87 and traded as high as C$48.69. ATCO shares last traded at C$48.57, with a volume of 133,467 shares trading hands.

Analyst Ratings Changes

ACO.X has been the topic of several research reports. CIBC upped their price objective on shares of ATCO from C$59.00 to C$62.00 in a report on Friday, April 4th. Scotiabank upped their target price on shares of ATCO from C$49.00 to C$51.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of C$52.30.

ATCO Stock Performance

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’s fifty day moving average price is C$48.25 and its 200 day moving average price is C$47.87. The company has a market cap of C$4.84 billion, a PE ratio of 14.20, a P/E/G ratio of 3.80 and a beta of 0.74.

Insider Buying and Selling at ATCO

In related news, Senior Officer James Landon sold 1,000 shares of the business’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$49.80, for a total value of C$49,800.00. In the last 90 days, insiders sold 2,100 shares of company stock worth $103,044. Insiders own 0.61% of the company’s stock.

About ATCO

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.