ATS (TSE:ATS) Shares Down 4.2% – What’s Next?

Shares of ATS Co. (TSE:ATS) fell 4.2% during trading on Tuesday . The company traded as low as C$38.86 and last traded at C$38.91. 129,849 shares were traded during trading, a decline of 45% from the average session volume of 235,572 shares. The stock had previously closed at C$40.60.

Analysts Set New Price Targets

Separately, TD Securities upped their price objective on ATS from C$56.00 to C$58.00 and gave the company a “buy” rating in a research note on Friday, February 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$52.67.

ATS Trading Up 0.4 %

The business has a 50-day simple moving average of C$40.11 and a 200 day simple moving average of C$40.88. The stock has a market cap of C$3.78 billion, a P/E ratio of 42.40 and a beta of 1.36.

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.