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

ATS Corporation (NYSE:ATS)’s stock price hit a new 52-week low during trading on Tuesday. The stock traded as low as $18.34 and last traded at $18.3290, with a volume of 93209 shares traded. The stock had previously closed at $18.82.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on ATS shares. Wall Street Zen downgraded shares of ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. TD Securities cut ATS from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Desjardins initiated coverage on ATS in a report on Tuesday, June 16th. They issued a “buy” rating for the company. Zacks Research cut ATS from a “hold” rating to a “strong sell” rating in a research report on Tuesday, June 9th. Finally, Weiss Ratings cut ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.50.

ATS Stock Performance

The firm’s 50-day moving average is $20.96 and its 200 day moving average is $26.81. The stock has a market cap of $1.76 billion, a PE ratio of 52.84 and a beta of 1.17. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63.

ATS (NYSE:ATS) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.25 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.03). The business had revenue of $488.38 million for the quarter, compared to analyst estimates of $509.71 million. ATS had a return on equity of 8.96% and a net margin of 1.60%.The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS. As a group, research analysts anticipate that ATS Corporation will post 1.12 EPS for the current year.

Hedge Funds Weigh In On ATS

A number of hedge funds and other institutional investors have recently made changes to their positions in ATS. The Manufacturers Life Insurance Company purchased a new stake in ATS during the 2nd quarter valued at approximately $2,119,000. Polar Asset Management Partners Inc. purchased a new position in shares of ATS in the 2nd quarter valued at approximately $3,028,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of ATS in the 2nd quarter valued at approximately $31,371,000. Cibc World Market Inc. acquired a new position in shares of ATS in the second quarter valued at approximately $9,420,000. Finally, Janus Henderson Group PLC increased its holdings in shares of ATS by 166.5% in the first quarter. Janus Henderson Group PLC now owns 2,297,214 shares of the company’s stock valued at $64,544,000 after purchasing an additional 1,435,375 shares during the period. Hedge funds and other institutional investors own 75.84% of the company’s stock.

ATS Company Profile

ATS Corporation (NYSE: ATS) is a Canadian automation and technology company that designs, builds and services customized manufacturing systems. The company helps manufacturers automate production, assembly, testing, inspection, packaging and material-handling processes, with solutions tailored to complex and high-volume applications.

ATS serves a range of industries, including life sciences, pharmaceuticals, medical devices, transportation, electric vehicles, energy, consumer products and industrial manufacturing.