ATS (TSE:ATS) Shares Down 3% – Here’s Why

ATS Co. (TSE:ATS) fell 3% during mid-day trading on Wednesday . The stock traded as low as C$33.22 and last traded at C$33.42. 143,505 shares were traded during trading, a decline of 45% from the average session volume of 259,524 shares. The stock had previously closed at C$34.47.

Analyst Ratings Changes

Separately, TD Securities lifted their price objective on ATS from C$56.00 to C$58.00 and gave the stock a “buy” rating in a report on Friday, February 7th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$52.67.

ATS Trading Down 3.0 %

The business’s fifty day simple moving average is C$38.31 and its 200-day simple moving average is C$40.61. The firm has a market cap of C$3.29 billion, a P/E ratio of 36.81 and a beta of 1.36.

ATS Company Profile

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products.