ATCO (OTCMKTS:ACLLF) Shares Cross Below Fifty Day Moving Average – What’s Next?

ATCO Ltd. (OTCMKTS:ACLLF) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $36.04 and traded as low as $36.00. ATCO shares last traded at $36.00, with a volume of 109 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Scotiabank reissued a “sector perform” rating on shares of ATCO in a report on Monday, October 6th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

ATCO Stock Performance

The business’s 50 day simple moving average is $36.04 and its 200 day simple moving average is $36.42.

ATCO Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th were paid a dividend of $0.3683 per share. This is a boost from ATCO’s previous dividend of $0.36. This represents a yield of 403.0%. The ex-dividend date of this dividend was Thursday, September 4th. ATCO’s payout ratio is currently 24.22%.

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.