ATMI Stock Rating Lowered by DA Davidson (ATMI)
ATMI (NASDAQ:ATMI) was downgraded by investment analysts at DA Davidson from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, Stock Ratings Network.com reports. They currently have a $34.00 price target on the stock, down from their previous price target of $36.00. DA Davidson’s target price indicates a potential upside of 0.62% from the stock’s previous close.
ATMI (NASDAQ:ATMI) traded up 0.09% on Wednesday, hitting $33.82. The stock had a trading volume of 2,078,258 shares. ATMI has a 1-year low of $19.89 and a 1-year high of $31.44. The stock’s 50-day moving average is $29.28 and its 200-day moving average is $27.41. The company has a market cap of $1.077 billion and a price-to-earnings ratio of 28.39.
ATMI (NASDAQ:ATMI) last announced its earnings results on Tuesday, February 4th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.13. The company had revenue of $94.80 million for the quarter, compared to the consensus estimate of $100.17 million. During the same quarter last year, the company posted $0.32 earnings per share. ATMI’s revenue was up 6.3% compared to the same quarter last year. Analysts expect that ATMI will post $1.47 EPS for the current fiscal year.
ATMI, Inc (NASDAQ:ATMI) is a supplier of materials, materials packaging and materials delivery systems used globally in the manufacture of microelectronics devices.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.