Atlas Technical Consultants, Inc. (NASDAQ:ATCX – Get Rating)’s stock price fell 4.2% during mid-day trading on Monday . The company traded as low as $4.93 and last traded at $5.08. 105,670 shares were traded during mid-day trading, a decline of 32% from the average session volume of 156,397 shares. The stock had previously closed at $5.30.
Separately, Stifel Nicolaus increased their price target on Atlas Technical Consultants from $13.00 to $16.00 and gave the stock a “buy” rating in a report on Thursday, March 17th.
The firm has a market capitalization of $193.24 million, a price-to-earnings ratio of -9.24 and a beta of 0.45. The business’s fifty day moving average is $7.58 and its 200 day moving average is $9.64.
Atlas Technical Consultants (NASDAQ:ATCX – Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). Atlas Technical Consultants had a negative return on equity of 7.70% and a negative net margin of 3.25%. The firm had revenue of $135.19 million for the quarter, compared to analyst estimates of $137.80 million. As a group, equities research analysts predict that Atlas Technical Consultants, Inc. will post 0.29 earnings per share for the current fiscal year.
In related news, CFO David D. Sr. Quinn bought 6,061 shares of the company’s stock in a transaction that occurred on Tuesday, May 17th. The shares were acquired at an average price of $8.25 per share, for a total transaction of $50,003.25. Following the completion of the acquisition, the chief financial officer now owns 150,885 shares of the company’s stock, valued at approximately $1,244,801.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Kenneth Jerome Burns, Jr. purchased 7,245 shares of the firm’s stock in a transaction on Friday, May 20th. The stock was bought at an average price of $8.35 per share, with a total value of $60,495.75. Following the completion of the purchase, the chief operating officer now owns 43,346 shares of the company’s stock, valued at $361,939.10. The disclosure for this purchase can be found here. Insiders have purchased 31,611 shares of company stock valued at $266,246 in the last 90 days. 10.77% of the stock is currently owned by corporate insiders.
Hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Atlas Technical Consultants during the 1st quarter worth about $22,673,000. Apella Capital LLC acquired a new position in Atlas Technical Consultants during the second quarter worth approximately $524,000. Monarch Partners Asset Management LLC raised its stake in Atlas Technical Consultants by 50.7% in the fourth quarter. Monarch Partners Asset Management LLC now owns 272,125 shares of the company’s stock valued at $2,291,000 after buying an additional 91,550 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Atlas Technical Consultants by 93.8% in the first quarter. Russell Investments Group Ltd. now owns 143,191 shares of the company’s stock valued at $1,723,000 after buying an additional 69,310 shares during the last quarter. Finally, Ancora Advisors LLC boosted its stake in shares of Atlas Technical Consultants by 14.0% during the 1st quarter. Ancora Advisors LLC now owns 394,017 shares of the company’s stock worth $4,023,000 after acquiring an additional 48,282 shares during the period. Hedge funds and other institutional investors own 21.53% of the company’s stock.
Atlas Technical Consultants Company Profile (NASDAQ:ATCX)
Atlas Technical Consultants, Inc provides professional testing, inspection, engineering, environmental, and program management and consulting services in the United States. The company provides a range of technical services that helps its clients test, inspect, plan, design, certify, and manage various projects across various end markets.
Receive News & Ratings for Atlas Technical Consultants Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Atlas Technical Consultants and related companies with MarketBeat.com’s FREE daily email newsletter.