ATCO (OTCMKTS:ACLLF) Shares Cross Below 50 Day Moving Average – Here’s Why

Shares of ATCO Ltd. (OTCMKTS:ACLLFGet Free Report) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $33.03 and traded as low as $32.93. ATCO shares last traded at $33.05, with a volume of 14,039 shares trading hands.

ATCO Price Performance

The stock’s 50-day moving average price is $33.03 and its 200 day moving average price is $33.55.

ATCO Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 6th were given a dividend of $0.3561 per share. This represents a yield of 4.11%. The ex-dividend date was Thursday, December 5th. ATCO’s dividend payout ratio is 24.22%.

ATCO Company Profile

(Get Free Report)

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.

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