ATS (NYSE:ATS) Hits New 1-Year Low – Time to Sell?

ATS Corporation (NYSE:ATS)’s share price reached a new 52-week low on Wednesday. The company traded as low as $17.24 and last traded at $17.3610, with a volume of 46,674 shares. The stock had previously closed at $17.62.

Wall Street Analysts Forecast Growth

ATS has been the topic of a number of analyst reports. TD Securities downgraded ATS from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Weiss Ratings lowered ATS from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, September 25th. Finally, Wall Street Zen cut ATS from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, ATS has an average rating of “Hold” and an average target price of $42.50.

ATS Stock Up 4.8%

The firm has a market capitalization of $1.75 billion, a P/E ratio of 14.63 and a beta of 1.18. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.33 and a current ratio of 1.63. The business’s fifty day moving average price is $19.07 and its two-hundred day moving average price is $25.88.

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

Hedge Funds Weigh In On ATS

Institutional investors and hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new position in shares of ATS during the second quarter worth $33,000. Deutsche Bank AG acquired a new stake in shares of ATS in the 2nd quarter worth $311,000. Pictet Asset Management Holding SA boosted its position in shares of ATS by 2.6% in the 1st quarter. Pictet Asset Management Holding SA now owns 16,423 shares of the company’s stock worth $461,000 after purchasing an additional 417 shares in the last quarter. Apella Capital LLC purchased a new position in ATS during the 3rd quarter worth $325,000. Finally, Squarepoint Ops LLC purchased a new position in ATS during the 2nd quarter worth $713,000. 75.84% of the stock is owned by hedge funds and other institutional investors.

About ATS

ATS Corporation, also known as ATS Automation Tooling Systems, is an industrial automation company that designs, builds and services automated manufacturing and assembly systems. Its solutions combine robotics, precision machinery, controls, software, machine vision and other technologies to help manufacturers improve production efficiency, quality and repeatability.

The company provides custom automation equipment, standardized automation products, production systems, packaging and material-handling solutions, and related aftermarket services.