ATCO (OTCMKTS:ACLLF) Share Price Passes Above Fifty Day Moving Average – Here’s What Happened

ATCO Ltd. (OTCMKTS:ACLLF)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $38.68 and traded as high as $40.29. ATCO shares last traded at $40.29, with a volume of 194 shares traded.

Wall Street Analysts Forecast Growth

ACLLF has been the subject of a number of recent research reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of ATCO in a research note on Monday. Royal Bank Of Canada reissued a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Scotiabank reaffirmed a “sector perform” rating on shares of ATCO in a research note on Monday, November 10th. CIBC reissued an “outperform” rating on shares of ATCO in a research note on Tuesday, October 21st. Finally, National Bankshares restated a “sector perform” rating on shares of ATCO in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold”.

ATCO Price Performance

The stock’s 50-day simple moving average is $38.68 and its 200 day simple moving average is $37.30.

About ATCO

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.