ATCO (TSE:ACO.Y) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

ATCO Ltd. (TSE:ACO.Y) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$60.00 and traded as low as C$60.00. ATCO shares last traded at C$60.00, with a volume of 100 shares changing hands.

ATCO Stock Performance

The firm’s fifty day moving average price is C$60.00 and its 200 day moving average price is C$60.00. The firm 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 debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42.

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. It generates maximum revenue from the Utilities segment. Geographically, it derives most of its revenue from Canada.