Fathom Digital Manufacturing (NYSE:FATH) Shares Gap Down to $4.14

Shares of Fathom Digital Manufacturing Co. (NYSE:FATHGet Rating) gapped down prior to trading on Tuesday . The stock had previously closed at $4.14, but opened at $3.98. Fathom Digital Manufacturing shares last traded at $3.73, with a volume of 750 shares.

Analyst Upgrades and Downgrades

FATH has been the subject of a number of research reports. Craig Hallum cut their price objective on shares of Fathom Digital Manufacturing to $9.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Bank of America initiated coverage on shares of Fathom Digital Manufacturing in a research note on Friday, May 13th. They issued a “neutral” rating and a $7.00 price objective for the company. Finally, Needham & Company LLC cut their price objective on shares of Fathom Digital Manufacturing from $12.00 to $9.00 in a research note on Tuesday, May 17th.

Fathom Digital Manufacturing Price Performance

The stock’s fifty day moving average is $4.23 and its 200 day moving average is $6.44. The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27.

Fathom Digital Manufacturing (NYSE:FATHGet Rating) last posted its quarterly earnings results on Monday, May 16th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $40.54 million for the quarter, compared to the consensus estimate of $41.30 million. Equities research analysts expect that Fathom Digital Manufacturing Co. will post 0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Fathom Digital Manufacturing

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ARK Investment Management LLC raised its holdings in Fathom Digital Manufacturing by 7.1% in the 2nd quarter. ARK Investment Management LLC now owns 949,800 shares of the company’s stock worth $4,673,000 after purchasing an additional 63,048 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in Fathom Digital Manufacturing in the 1st quarter worth $113,000. State Street Corp raised its holdings in Fathom Digital Manufacturing by 57.8% in the 1st quarter. State Street Corp now owns 23,998 shares of the company’s stock worth $148,000 after purchasing an additional 8,786 shares in the last quarter. Northern Trust Corp bought a new position in Fathom Digital Manufacturing in the 1st quarter worth $103,000. Finally, Vanguard Group Inc. bought a new position in Fathom Digital Manufacturing in the 1st quarter worth $1,223,000. 78.39% of the stock is currently owned by institutional investors.

Fathom Digital Manufacturing Company Profile

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Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.

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