ATA (NASDAQ:AACG) Shares Down 4% – Here’s What Happened

ATA Inc. (NASDAQ:AACG)’s stock price dropped 4% on Friday . The stock traded as low as $0.9393 and last traded at $0.97. Approximately 26,996 shares traded hands during trading, a decline of 96% from the average daily volume of 681,167 shares. The stock had previously closed at $1.01.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of ATA in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, ATA currently has a consensus rating of “Sell”.

ATA Trading Down 4.0%

The business’s 50 day moving average price is $0.96 and its 200-day moving average price is $1.01. The company has a market cap of $41.74 million, a price-to-earnings ratio of -4.85 and a beta of 1.11. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.32 and a current ratio of 0.32.

ATA Company Profile

ATA Creativity Global (NASDAQ: AACG) is a China-based provider of after-school art education services, delivering supplemental training to students from preschool through high school. The company’s curriculum spans traditional techniques such as sketching, watercolor and calligraphy, as well as digital art instruction, including digital illustration and multimedia design.

ATA Creativity Global combines in-person instruction at its learning centers with a proprietary online platform, enabling students to access course materials, interactive lessons and instructor feedback remotely.