ATS (TSE:ATS) Trading Down 4.2% – Time to Sell?

ATS Co. (TSE:ATS) shares dropped 4.2% during mid-day trading on Tuesday . The stock traded as low as C$38.86 and last traded at C$38.91. Approximately 129,849 shares changed hands during trading, a decline of 45% from the average daily volume of 235,572 shares. The stock had previously closed at C$40.60.

Wall Street Analysts Forecast Growth

Separately, TD Securities boosted their price target 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$52.67.

ATS Stock Up 0.4 %

The firm has a market capitalization of C$3.78 billion, a price-to-earnings ratio of 42.40 and a beta of 1.36. The firm has a 50 day moving average of C$40.11 and a two-hundred day moving average of C$40.88.

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.