ATS (TSE:ATS) Stock Price Down 0.3% – Here’s Why

ATS Co. (TSE:ATS)’s share price traded down 0.3% during trading on Tuesday . The company traded as low as C$34.79 and last traded at C$35.26. 123,193 shares were traded during mid-day trading, a decline of 43% from the average session volume of 215,902 shares. The stock had previously closed at C$35.38.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ATS. TD Securities decreased their target price on ATS from C$49.00 to C$46.00 and set a “buy” rating on the stock in a research report on Monday, August 11th. Raymond James Financial decreased their price objective on shares of ATS from C$48.00 to C$46.00 and set an “outperform” rating on the stock in a report on Friday, August 8th. Royal Bank Of Canada dropped their target price on shares of ATS from C$50.00 to C$49.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th. Finally, Scotiabank raised shares of ATS from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 5th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of C$46.50.

ATS Trading Down 0.3%

The firm has a fifty day moving average price of C$36.88 and a 200 day moving average price of C$39.12. The firm has a market cap of C$3.42 billion, a PE ratio of -705.20 and a beta of 1.09.

ATS (TSE:ATS) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.45 earnings per share (EPS) for the quarter. The business had revenue of C$728.46 million during the quarter. ATS had a net margin of 3.24% and a return on equity of 5.25%.

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.