Posted by admin on Aug 5th, 2022
Atlas Copco AB (OTCMKTS:ATLKY – Get Rating) shares passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $13.17 and traded as low as $11.41. Atlas Copco shares last traded at $11.57, with a volume of 257,518 shares changing hands.
ATLKY has been the topic of several recent research reports. Sanford C. Bernstein cut shares of Atlas Copco from a “market perform” rating to an “underperform” rating and set a $84.00 price objective on the stock. in a research note on Monday, July 11th. Morgan Stanley dropped their price objective on shares of Atlas Copco from SEK 122.25 to SEK 116.50 and set an “equal weight” rating on the stock in a research note on Wednesday, April 27th. Finally, Credit Suisse Group started coverage on shares of Atlas Copco in a research note on Friday, June 17th. They set a “hold” rating and a $141.10 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $136.74.
The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.25 and a current ratio of 1.29. The firm’s 50-day moving average is $10.31 and its 200 day moving average is $13.17. The firm has a market capitalization of $56.36 billion, a PE ratio of 25.43, a price-to-earnings-growth ratio of 3.70 and a beta of 1.23.
Atlas Copco AB, together with its subsidiaries, provides productivity solutions. The company operates through Compressor Technique, Vacuum Technique, Industrial Technique, and Power Technique segments. It offers piston compressors, oil-free tooth and scroll compressors, rotary screw compressors, oil-free blowers, oil-free centrifugal compressors, gas and process compressors, air and gas treatment equipment, and medical air solutions primarily for use in the manufacturing and process industries.
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