StockNews.com Begins Coverage on ATA Creativity Global (NASDAQ:AACG)

StockNews.com assumed coverage on shares of ATA Creativity Global (NASDAQ:AACGGet Rating) in a report released on Thursday. The firm set a “sell” rating on the stock.

AACG stock opened at $1.15 on Thursday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $35.98 million, a PE ratio of -5.73 and a beta of 1.14. ATA Creativity Global has a 12-month low of $1.00 and a 12-month high of $4.75. The business’s fifty day moving average price is $1.28 and its 200 day moving average price is $1.59.

ATA Creativity Global (NASDAQ:AACGGet Rating) last issued its quarterly earnings results on Thursday, March 17th. The company reported ($0.02) earnings per share for the quarter. The company had revenue of $11.39 million for the quarter. ATA Creativity Global had a negative return on equity of 17.08% and a negative net margin of 16.50%.

Several hedge funds have recently modified their holdings of the company. Citadel Advisors LLC acquired a new stake in ATA Creativity Global during the 2nd quarter valued at $52,000. Renaissance Technologies LLC boosted its holdings in shares of ATA Creativity Global by 42.7% during the fourth quarter. Renaissance Technologies LLC now owns 130,644 shares of the company’s stock worth $140,000 after purchasing an additional 39,100 shares during the last quarter. Finally, Millennium Management LLC acquired a new stake in shares of ATA Creativity Global during the third quarter worth $784,000. 1.14% of the stock is owned by institutional investors and hedge funds.

About ATA Creativity Global (Get Rating)

ATA Creativity Global, together with its subsidiaries, provides educational services to individual students through its training center network in China. The company's educational services include portfolio training, research-based learning, overseas study counselling, K-12 education assessment, and other educational services.

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