ATS (NYSE:ATS) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

ATS Corporation (NYSE:ATS) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $18.80 and traded as high as $19.33. ATS shares last traded at $18.91, with a volume of 220,055 shares traded.

Analyst Ratings Changes

ATS has been the topic of a number of recent analyst reports. Weiss Ratings lowered ATS from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, September 25th. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Zacks Research raised ATS from a “strong sell” rating to a “hold” rating in a report on Monday, October 19th. Finally, Wall Street Zen lowered shares of ATS from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, ATS currently has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Trading Up 2.8%

The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The business has a fifty day simple moving average of $18.80 and a 200 day simple moving average of $26.55. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 55.62 and a beta of 1.18.

ATS (NYSE:ATS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). ATS had a return on equity of 8.96% and a net margin of 1.60%. The company had revenue of $488.38 million during the quarter, compared to analyst estimates of $509.71 million. During the same period last year, the firm earned $0.41 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year. As a group, equities analysts anticipate that ATS Corporation will post 1.06 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company purchased a new position in ATS in the 2nd quarter valued at about $2,119,000. Bank of America Corp DE acquired a new stake in shares of ATS during the 2nd quarter worth about $32,296,000. Polar Asset Management Partners Inc. purchased a new stake in shares of ATS during the second quarter worth about $3,028,000. Cibc World Market Inc. purchased a new stake in shares of ATS during the second quarter worth about $9,420,000. Finally, Legal & General Group Plc acquired a new position in shares of ATS in the second quarter valued at approximately $30,403,000. Institutional investors and hedge funds own 75.84% of the company’s stock.

ATS Company Profile

ATS Corporation is a Canadian automation solutions provider headquartered in Cambridge, Ontario. The company designs, builds and services automated manufacturing systems, production equipment and related technologies for manufacturers in a range of industries.

Its offerings include custom automation systems, assembly and test equipment, material-handling solutions, packaging systems, precision components and aftermarket services. ATS also provides automation software, controls, engineering, technical support and lifecycle services intended to improve production efficiency, quality and flexibility.

The company serves customers in sectors including life sciences, transportation, energy, consumer products and industrial manufacturing.