ATS (TSE:ATS) Sets New 52-Week Low – Time to Sell?

ATS Co. (TSE:ATS)’s share price reached a new 52-week low during trading on Monday . The company traded as low as C$27.31 and last traded at C$27.31, with a volume of 161254 shares traded. The stock had previously closed at C$28.16.

Analyst Ratings Changes

ATS has been the topic of a number of research reports. Scotiabank increased their target price on shares of ATS from C$48.00 to C$51.00 and gave the stock a “sector outperform” rating in a report on Tuesday, April 28th. Royal Bank Of Canada decreased their price target on shares of ATS from C$50.00 to C$41.00 in a report on Monday, August 10th. Raymond James Financial lowered their price objective on shares of ATS from C$46.00 to C$33.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. TD Securities lowered shares of ATS from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 10th. Finally, Stifel Nicolaus cut their target price on shares of ATS from C$52.00 to C$44.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$42.25.

ATS Stock Performance

The stock has a 50 day moving average of C$36.89 and a 200 day moving average of C$40.60. The stock has a market capitalization of C$2.63 billion, a P/E ratio of 55.94 and a beta of 1.20.

ATS (TSE:ATS) last posted its earnings results on Thursday, August 6th. The company reported C$0.35 earnings per share (EPS) for the quarter. ATS had a return on equity of 2.66% and a net margin of 1.61%.The company had revenue of C$698.30 million for the quarter.

Insider Transactions at ATS

In other news, insider Jeff Adamson bought 953 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average price of C$39.12 per share, for a total transaction of C$37,281.36. Following the transaction, the insider owned 6,199 shares in the company, valued at approximately C$242,504.88. This trade represents a 18.17% increase in their ownership of the stock. Also, insider Anne Cybulski bought 289 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average price of C$289.00 per share, with a total value of C$83,521.00. Following the transaction, the insider owned 876 shares in the company, valued at C$253,164. The trade was a 49.23% increase in their position. Insiders purchased a total of 7,311 shares of company stock worth $358,222 over the last 90 days. Corporate insiders own 0.97% of the company’s stock.

ATS Company Profile

ATS Corp formerly, ATS Automation Tooling Systems Inc is a Canada-based company that provides automation systems. The company designs and builds customized automated manufacturing and testing systems for customers, and provides pre- and post-automation services. The company’s products comprise conveyor systems, automated electrified monorails, tray handlers, laser systems, and other hardware and software products. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.