Atlanticus (NASDAQ:ATLC) Share Price Crosses Above 50 Day Moving Average of $9.48
Shares of Atlanticus Holdings Corp (NASDAQ:ATLC) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.48 and traded as high as $14.20. Atlanticus shares last traded at $13.42, with a volume of 38,983 shares trading hands.
Separately, ValuEngine upgraded Atlanticus from a “strong sell” rating to a “sell” rating in a research report on Friday, November 29th.
The firm has a market capitalization of $202.18 million, a P/E ratio of 4.11 and a beta of -0.16. The company has a fifty day moving average of $9.48 and a 200 day moving average of $7.57. The company has a debt-to-equity ratio of 21.12, a current ratio of 1.03 and a quick ratio of 1.03.
An institutional investor recently bought a new position in Atlanticus stock. Synovus Financial Corp acquired a new position in shares of Atlanticus Holdings Corp (NASDAQ:ATLC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,225 shares of the credit services provider’s stock, valued at approximately $145,000. Synovus Financial Corp owned 0.11% of Atlanticus as of its most recent SEC filing. Institutional investors and hedge funds own 15.47% of the company’s stock.
Atlanticus Company Profile (NASDAQ:ATLC)
Atlanticus Holdings Corporation provides credit and related financial services and products to financially underserved consumer credit market in the United States. It operates in two segments, Credit and Other Investments, and Auto Finance. The Credit and Other Investments segment originates a range of consumer loan products, such as retail credit, personal loans, and credit cards through various channels, including retail point-of-sale, direct mail solicitation, Internet-based marketing, and partnerships with third parties; and offers point-of-sale financing by partnering with retailers and service providers to provide credit to their customers for the purchase of various goods and services.
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