ATS (TSE:ATS) Trading 0.5% Higher – What’s Next?

ATS Co. (TSE:ATS) shot up 0.5% on Tuesday . The stock traded as high as C$47.95 and last traded at C$47.76. 218,949 shares changed hands during mid-day trading, an increase of 0% from the average session volume of 218,075 shares. The stock had previously closed at C$47.51.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their price objective on ATS from C$48.00 to C$51.00 and gave the company a “sector outperform” rating in a research note on Tuesday, April 28th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, ATS presently has an average rating of “Buy” and an average target price of C$50.20.

ATS Price Performance

The firm has a 50-day simple moving average of C$43.44 and a two-hundred day simple moving average of C$40.85. The company has a market cap of C$4.63 billion, a PE ratio of 251.37 and a beta of 0.97.

Insider Activity

In other ATS news, insider Doug Wright acquired 8,300 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average price of C$41.44 per share, for a total transaction of C$343,952.00. Following the completion of the acquisition, the insider directly owned 16,900 shares of the company’s stock, valued at C$700,336. This trade represents a 96.51% increase in their ownership of the stock. 0.97% of the stock is owned by company insiders.

ATS Company Profile

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. The company also provides pre-automation solutions, including strategic direction and planning services, as well as aftermarket support.