ATS (TSE:ATS) Trading Down 0.1% – Here’s What Happened

Shares of ATS Co. (TSE:ATS) dropped 0.1% on Thursday . The stock traded as low as C$36.39 and last traded at C$36.73. Approximately 175,299 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 227,581 shares. The stock had previously closed at C$36.77.

Wall Street Analyst Weigh In

ATS has been the subject of several recent analyst reports. Royal Bank Of Canada dropped their price target on ATS from C$50.00 to C$49.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. TD Securities dropped their price target on ATS from C$49.00 to C$46.00 and set a “buy” rating for the company in a research note on Monday, August 11th. Raymond James Financial dropped their price target on ATS from C$48.00 to C$46.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Finally, Scotiabank dropped their price target on ATS from C$46.00 to C$45.00 and set a “sector perform” rating for the company in a research note on Monday, August 11th. Three equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$47.60.

ATS Stock Performance

The firm has a market capitalization of C$3.55 billion, a PE ratio of -91.83 and a beta of 1.35. The company has a fifty day moving average price of C$38.77 and a 200-day moving average price of C$38.72.

About ATS

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.