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Atlas Copco's share price dropped to a 52-week low despite beating earnings expectations.
Atlas Copco's share price fell below its 200-day moving average, reaching a low of $15.83, which some see as a sell signal.
Despite this, the company beat earnings expectations with $0.15 per share, exceeding forecasts by $0.01.
Analysts predict a 0.55 EPS for the year.
The company, which provides industrial solutions globally, also hit a new 52-week low of $14.01 recently.
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El precio de las acciones de Atlas Copco cayó a un nivel bajo de 52 semanas a pesar de superar las expectativas de ganancias.