ATCO (TSE:ACO.X) Stock Crosses Above 200 Day Moving Average – Should You Sell?

ATCO Ltd. (TSE:ACO.X)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$44.57 and traded as high as C$47.54. ATCO shares last traded at C$47.42, with a volume of 75,693 shares traded.

Analyst Ratings Changes

ACO.X has been the subject of several research analyst reports. Scotiabank lifted their price objective on ATCO from C$45.00 to C$49.00 in a research note on Friday, November 15th. CIBC dropped their price target on ATCO from C$59.00 to C$58.00 in a research report on Friday, November 15th. BMO Capital Markets upped their price objective on shares of ATCO from C$50.50 to C$52.50 in a research report on Thursday, September 5th. Finally, Royal Bank of Canada lifted their target price on shares of ATCO from C$50.00 to C$51.00 in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, ATCO has an average rating of “Hold” and an average price target of C$51.10.

ATCO Trading Up 1.1 %

The company has a debt-to-equity ratio of 131.63, a quick ratio of 1.48 and a current ratio of 1.42. The stock has a market capitalization of C$4.73 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 3.80 and a beta of 0.74. The stock has a 50-day moving average price of C$48.30 and a two-hundred day moving average price of C$44.68.

Insider Buying and Selling at ATCO

In other news, insider Sentgraf Enterprises Ltd. bought 5,000 shares of the stock in a transaction dated Monday, December 9th. The stock was bought at an average price of C$49.25 per share, for a total transaction of C$246,250.00. Insiders own 0.61% of the company’s stock.

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.