AtlasClear (NYSEAMERICAN:ATCH) Coverage Initiated by Analysts at Litchfield Hills Research

Litchfield Hills Research began coverage on shares of AtlasClear (NYSEAMERICAN:ATCH) in a research report released on Monday,Benzinga reports. The firm issued a buy rating and a $1.00 price target on the stock.

AtlasClear Price Performance

ATCH stock opened at $0.22 on Monday. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.65. AtlasClear has a 12-month low of $0.14 and a 12-month high of $1.92. The business’s 50-day moving average is $0.22 and its 200 day moving average is $0.31.

AtlasClear (NYSEAMERICAN:ATCH) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.05 earnings per share (EPS) for the quarter. AtlasClear had a return on equity of 90.79% and a net margin of 12.08%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Fairway Wealth LLC purchased a new position in AtlasClear in the 3rd quarter worth approximately $26,000. Diversify Wealth Management LLC purchased a new position in AtlasClear in the 3rd quarter worth approximately $31,000. Prospera Financial Services Inc purchased a new position in AtlasClear in the 3rd quarter worth approximately $63,000. Virtu Financial LLC lifted its stake in AtlasClear by 44.1% in the 4th quarter. Virtu Financial LLC now owns 400,289 shares of the company’s stock worth $100,000 after purchasing an additional 122,410 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in AtlasClear by 42.8% in the 4th quarter. HighTower Advisors LLC now owns 813,900 shares of the company’s stock worth $204,000 after purchasing an additional 243,900 shares in the last quarter. 47.57% of the stock is owned by hedge funds and other 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.