Atlas Technical Consultants, Inc. (NASDAQ:ATCX) COO Acquires $60,495.75 in Stock

Atlas Technical Consultants, Inc. (NASDAQ:ATCXGet Rating) COO Kenneth Jerome Burns, Jr. acquired 7,245 shares of the firm’s stock in a transaction that occurred on Friday, May 20th. The shares were bought at an average cost of $8.35 per share, for a total transaction of $60,495.75. Following the acquisition, the chief operating officer now owns 43,346 shares of the company’s stock, valued at approximately $361,939.10. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ:ATCX traded down $0.20 during trading on Monday, reaching $8.14. The stock had a trading volume of 111,352 shares, compared to its average volume of 164,761. The business has a fifty day moving average price of $11.65 and a 200-day moving average price of $10.33. The stock has a market cap of $309.65 million, a P/E ratio of -15.16 and a beta of 0.12. Atlas Technical Consultants, Inc. has a fifty-two week low of $7.50 and a fifty-two week high of $15.40.

Atlas Technical Consultants (NASDAQ:ATCXGet Rating) last posted its quarterly earnings data on Tuesday, March 15th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). The firm had revenue of $145.25 million during the quarter, compared to analyst estimates of $140.70 million. Atlas Technical Consultants had a negative net margin of 3.25% and a negative return on equity of 7.70%. During the same period in the prior year, the firm earned ($0.43) EPS. Equities analysts anticipate that Atlas Technical Consultants, Inc. will post 0.29 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in Atlas Technical Consultants by 167.2% in the third quarter. Royal Bank of Canada now owns 2,464 shares of the company’s stock valued at $25,000 after purchasing an additional 1,542 shares during the period. Advisor Group Holdings Inc. bought a new stake in shares of Atlas Technical Consultants in the 3rd quarter valued at about $42,000. Penserra Capital Management LLC acquired a new stake in shares of Atlas Technical Consultants in the 3rd quarter valued at approximately $45,000. Wells Fargo & Company MN increased its position in Atlas Technical Consultants by 35.6% during the 2nd quarter. Wells Fargo & Company MN now owns 5,774 shares of the company’s stock worth $56,000 after buying an additional 1,517 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in Atlas Technical Consultants in the first quarter valued at about $67,000. Hedge funds and other institutional investors own 21.53% of the company’s stock.

A number of research firms recently commented on ATCX. Zacks Investment Research downgraded shares of Atlas Technical Consultants from a “buy” rating to a “hold” rating in a report on Tuesday, May 17th. Stifel Nicolaus lifted their target price on shares of Atlas Technical Consultants from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 17th.

About Atlas Technical Consultants (Get Rating)

Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets.

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