ATCO (TSE:ACO.Y) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of ATCO Ltd. (TSE:ACO.YGet Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-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.

ATCO Stock Down 0.9%

The company 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 quick ratio of 1.48, a current ratio of 1.42 and a debt-to-equity ratio of 131.63. The company has a fifty day moving average of C$60.00 and a 200 day moving average of C$60.00.

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.

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