Atlas Copco (OTCMKTS:ATLKY) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Atlas Copco AB (OTCMKTS:ATLKY) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.93 and traded as low as $18.71. Atlas Copco shares last traded at $19.1550, with a volume of 255,082 shares.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on ATLKY shares. Rothschild & Co Redburn upgraded Atlas Copco from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 20th. The Goldman Sachs Group cut Atlas Copco from a “strong-buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Atlas Copco in a report on Wednesday, April 29th. Citigroup reaffirmed a “buy” rating on shares of Atlas Copco in a report on Thursday, April 9th. Finally, Royal Bank Of Canada reaffirmed an “underperform” rating on shares of Atlas Copco in a report on Thursday, April 30th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Atlas Copco has a consensus rating of “Hold”.

Atlas Copco Stock Down 1.2%

The company has a fifty day simple moving average of $18.82 and a 200-day simple moving average of $18.93. The company has a quick ratio of 1.08, a current ratio of 1.55 and a debt-to-equity ratio of 0.26. The firm has a market cap of $92.20 billion, a P/E ratio of 33.80, a price-to-earnings-growth ratio of 2.25 and a beta of 1.47.

Atlas Copco (OTCMKTS:ATLKY) last released its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.14 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.14. Atlas Copco had a return on equity of 25.21% and a net margin of 15.69%.The business had revenue of $4.36 billion during the quarter, compared to analyst estimates of $4.46 billion. On average, equities analysts anticipate that Atlas Copco AB will post 0.66 earnings per share for the current year.

Atlas Copco Company Profile

Atlas Copco is a Sweden-based industrial group that develops, manufactures and services equipment and solutions for professional customers in a broad range of industries. The company’s core activities center on compressed air and gas systems, vacuum solutions, construction and mining equipment, industrial tools and assembly systems, and power and flow equipment. Products and services span new-equipment sales, aftermarket parts, maintenance and technical support aimed at improving productivity, energy efficiency and safety for industrial operations.

Key product categories include stationary and portable air compressors, air treatment and gas generation systems, industrial vacuum pumps, generators and light towers, drilling rigs and rock excavation equipment for mining and construction, as well as electric and pneumatic tools and automated assembly systems for manufacturing.