ATA (NASDAQ:AACG) Shares Down 1.8% – Here’s Why

ATA Inc. (NASDAQ:AACG)’s share price traded down 1.8% on Wednesday . The stock traded as low as $1.03 and last traded at $1.08. 12,596 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 95,034 shares. The stock had previously closed at $1.10.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of ATA in a research note on Monday. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, ATA currently has an average rating of “Hold”.

ATA Stock Down 1.8%

The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market cap of $34.31 million, a P/E ratio of -54.00 and a beta of 0.98. The stock’s 50 day simple moving average is $1.27 and its 200 day simple moving average is $1.33.

ATA (NASDAQ:AACG) last released its earnings results on Wednesday, November 12th. The company reported $0.02 earnings per share for the quarter. ATA had a negative net margin of 3.08% and a negative return on equity of 13.12%.

ATA Company Profile

ATA Creativity Global, together with its subsidiaries, provides educational services to individual students through its training center network in China and internationally. Its educational services include portfolio training, research-based learning, overseas study counselling, in-school art classes through cooperation with high schools and training organizations, foreign language training services, junior art education, and other related educational services to its students.