AtlasClear (NYSEAMERICAN:ATCH) Trading Up 3.8% – Still a Buy?

AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH)’s share price was up 3.8% on Thursday . The stock traded as high as $0.28 and last traded at $0.27. Approximately 3,756,221 shares changed hands during trading, an increase of 5% from the average daily volume of 3,577,909 shares. The stock had previously closed at $0.2602.

AtlasClear Price Performance

The company’s fifty day moving average price is $0.30 and its two-hundred day moving average price is $0.32. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.95 and a current ratio of 0.95.

AtlasClear (NYSEAMERICAN:ATCH) last announced its earnings results on Friday, November 14th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $4.25 million during the quarter.

Institutional Trading of AtlasClear

Large investors have recently made changes to their positions in the business. Fairway Wealth LLC acquired a new stake in shares of AtlasClear in the third quarter valued at $26,000. Diversify Wealth Management LLC bought a new stake in AtlasClear during the 3rd quarter worth about $31,000. Prospera Financial Services Inc bought a new stake in AtlasClear during the 3rd quarter worth about $63,000. Finally, Virtu Financial LLC acquired a new stake in AtlasClear in the 3rd quarter valued at about $142,000. Institutional investors own 47.57% of the company’s stock.

About AtlasClear

AtlasClear, Inc (NYSE American: ATCH) is a financial technology and market-services company focused on the execution and clearing of equity-linked derivatives in the United States. Through its registered broker-dealer and clearing subsidiary, Atlas Clearing, LLC, the firm operates a dedicated trading venue for covered warrants and warrant-like instruments. The platform is designed to deliver efficient trade execution, enhanced liquidity and robust price discovery for institutional investors.

The company’s core offerings include proprietary market-making strategies, electronic order matching and centralized post-trade clearing services.