AtlasClear (NYSEAMERICAN:ATCH) Stock Price Up 2.9% – Should You Buy?

AtlasClear Holdings, Inc. (NYSEAMERICAN:ATCH)’s stock price was up 2.9% on Monday . The stock traded as high as $0.2658 and last traded at $0.2553. Approximately 2,358,831 shares were traded during trading, a decline of 42% from the average daily volume of 4,058,177 shares. The stock had previously closed at $0.2480.

AtlasClear Trading Up 2.9%

The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.30. The business has a fifty day simple moving average of $0.28 and a 200 day simple moving average of $0.33.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in shares of AtlasClear by 740.6% in the fourth quarter. Geode Capital Management LLC now owns 1,179,315 shares of the company’s stock valued at $296,000 after buying an additional 1,039,013 shares in the last quarter. Virtu Financial LLC acquired a new position in AtlasClear in the 3rd quarter valued at $142,000. HighTower Advisors LLC lifted its position in shares of AtlasClear by 42.8% during the 4th quarter. HighTower Advisors LLC now owns 813,900 shares of the company’s stock valued at $204,000 after acquiring an additional 243,900 shares during the period. Prospera Financial Services Inc bought a new stake in shares of AtlasClear during the 3rd quarter valued at $63,000. Finally, Diversify Wealth Management LLC acquired a new stake in shares of AtlasClear during the 3rd quarter worth $31,000. 47.57% of the stock is owned by institutional investors.

AtlasClear Company Profile

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.