ATS (NYSE:ATS) Sets New 52-Week Low – Should You Sell?

ATS Co. (NYSE:ATS)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $24.52 and last traded at $24.74, with a volume of 4176 shares traded. The stock had previously closed at $24.93.

ATS Price Performance

The company has a current ratio of 1.92, a quick ratio of 1.58 and a debt-to-equity ratio of 0.97. The business has a 50-day moving average of $27.92 and a 200 day moving average of $29.11. The firm has a market capitalization of $2.44 billion, a PE ratio of 37.73 and a beta of 0.98.

ATS (NYSE:ATS) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.23 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.23. ATS had a net margin of 3.27% and a return on equity of 9.95%. As a group, research analysts anticipate that ATS Co. will post 1.02 EPS for the current fiscal year.

Institutional Investors Weigh In On ATS

Several large investors have recently added to or reduced their stakes in ATS. Charles Schwab Investment Management Inc. boosted its position in ATS by 3.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 192,877 shares of the company’s stock worth $5,602,000 after purchasing an additional 5,703 shares during the period. FMR LLC lifted its stake in shares of ATS by 9.5% during the 3rd quarter. FMR LLC now owns 1,639,373 shares of the company’s stock valued at $47,565,000 after buying an additional 142,671 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in ATS by 24.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,708 shares of the company’s stock worth $631,000 after buying an additional 4,251 shares during the period. PDT Partners LLC grew its stake in ATS by 46.5% in the 3rd quarter. PDT Partners LLC now owns 23,702 shares of the company’s stock valued at $689,000 after buying an additional 7,520 shares in the last quarter. Finally, Quadrature Capital Ltd grew its stake in ATS by 188.8% in the 3rd quarter. Quadrature Capital Ltd now owns 118,400 shares of the company’s stock valued at $3,442,000 after buying an additional 77,400 shares in the last quarter. Hedge funds and other institutional investors own 75.84% of the company’s stock.

About ATS

ATS Corporation, together with its subsidiaries, provides automation solutions worldwide. The company is also involved in planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. In addition, it offers pre-automation services comprising discovery and analysis, concept development, simulation, and total cost of ownership modelling; post automation services, including training, process optimization, preventative maintenance, emergency and on-call support, spare parts, retooling, retrofits, and equipment relocation; and contract manufacturing services, as well as after sales and services.