Atlas Technical Consultants (NASDAQ:ATCX) Stock Price Down 3.1% – What’s Next?

Shares of Atlas Technical Consultants, Inc. (NASDAQ:ATCX) were down 3.1% during trading on Tuesday . The stock traded as low as $3.50 and last traded at $3.70. 26,571 shares were traded during trading, a decline of 60% from the average daily volume of 66,411 shares. The stock had previously closed at $3.82.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ATCX. HC Wainwright initiated coverage on shares of Atlas Technical Consultants in a report on Monday, April 6th. They issued a “buy” rating and a $13.75 price objective for the company. Zacks Research upgraded shares of Atlas Technical Consultants to a “hold” rating in a research report on Friday, April 24th. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlas Technical Consultants in a research note on Wednesday, May 27th. Wall Street Zen lowered shares of Atlas Technical Consultants from a “hold” rating to a “sell” rating in a research report on Saturday, April 11th. Finally, ThinkEquity started coverage on Atlas Technical Consultants in a research note on Tuesday, May 26th. They set a “buy” rating on the stock. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Atlas Technical Consultants presently has an average rating of “Hold” and a consensus target price of $27.88.

Atlas Technical Consultants Stock Up 5.4%

The firm’s fifty day moving average price is $4.80 and its 200-day moving average price is $7.30. The stock has a market cap of $13.62 million, a P/E ratio of -17.82 and a beta of 1.07.

About Atlas Technical Consultants

Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets. It offers testing, inspection, and certification services, such as construction materials testing; non-destructive testing and evaluations, materials testing and inspection, laboratory, and geophysics; construction quality assurance; owner verification and inspection; forensic and structural investigations; and materials laboratory services.