ATS Automation Tooling Systems (ATA) Sets New 52-Week Low at $16.39

ATS Automation Tooling Systems Inc. (TSE:ATA) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$16.39 and last traded at C$16.41, with a volume of 108444 shares trading hands. The stock had previously closed at C$16.80.

ATA has been the topic of a number of recent analyst reports. TD Securities boosted their price objective on ATS Automation Tooling Systems from C$22.00 to C$24.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Royal Bank of Canada boosted their price objective on ATS Automation Tooling Systems from C$20.00 to C$22.00 and gave the company a “sector perform” rating in a research note on Friday, August 17th. Finally, National Bank Financial dropped their price objective on ATS Automation Tooling Systems from C$26.00 to C$23.00 and set an “outperform” rating on the stock in a research note on Thursday, November 8th.

The company has a current ratio of 2.33, a quick ratio of 2.10 and a debt-to-equity ratio of 43.17.

ATS Automation Tooling Systems (TSE:ATA) last announced its quarterly earnings data on Wednesday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.23 by C($0.06). The firm had revenue of C$283.62 million during the quarter, compared to the consensus estimate of C$312.90 million. As a group, sell-side analysts expect that ATS Automation Tooling Systems Inc. will post 1.05999992654104 EPS for the current fiscal year.

In other news, Director Joanne Shari Ferstman purchased 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of C$17.92 per share, with a total value of C$35,840.00. Also, Director Michael E. Martino purchased 15,100 shares of the company’s stock in a transaction that occurred on Tuesday, November 20th. The shares were purchased at an average cost of C$16.84 per share, for a total transaction of C$254,284.00. Insiders bought a total of 35,800 shares of company stock worth $615,302 over the last three months.

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About ATS Automation Tooling Systems (TSE:ATA)

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. The company is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS Supertrak, a modular conveyor system; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; Sortimat Clearliner, a tray handler for clean room requirement; Sortimat Workliner tray handling technology; Sortimat Birkman, a feeder technology for sorting, transporting, and separating parts; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; and ATS SmartVision software, a PC-based vision system.

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