ATCO (TSE:ACO.Y) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

ATCO Ltd. (TSE:ACO.Y) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of C$47.56 and traded as high as C$49.10. ATCO shares last traded at C$49.10, with a volume of 100 shares traded.

ATCO Price Performance

The firm’s 50 day simple moving average is C$47.56 and its two-hundred day simple moving average is C$43.77. 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 firm has a market capitalization of C$610.31 million, a P/E ratio of 14.36 and a beta of 0.74.

ATCO Company Profile

ATCO Ltd., together with its subsidiaries, engages in the provision of energy, logistics and transportation, water, food and agriculture, real estate, and shelter services in Canada, Australia, and internationally. The company engages in the electricity and natural gas transmission and distribution, and international electricity operations; energy storage, electricity generation, industrial water solutions, and clean fuels; and electricity and natural gas retail sales, and whole-home solutions.