Atlas Technical Consultants (NASDAQ:ATCX) Shares Down 3.1% – Here’s What Happened

Shares of Atlas Technical Consultants, Inc. (NASDAQ:ATCX) fell 3.1% during mid-day trading on Tuesday . The stock traded as low as $3.50 and last traded at $3.70. 26,571 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 66,411 shares. The stock had previously closed at $3.82.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ATCX. ThinkEquity began coverage on Atlas Technical Consultants in a report on Tuesday, May 26th. They issued a “buy” rating on the stock. Wall Street Zen downgraded Atlas Technical Consultants from a “hold” rating to a “sell” rating in a report on Saturday, April 11th. Zacks Research upgraded Atlas Technical Consultants to a “hold” rating in a report on Friday, April 24th. HC Wainwright began coverage on Atlas Technical Consultants in a report on Monday, April 6th. They issued a “buy” rating and a $13.75 price objective on the stock. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlas Technical Consultants in a report on Wednesday, May 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.88.

Atlas Technical Consultants Stock Performance

The stock has a market capitalization of $12.86 million, a price-to-earnings ratio of -16.82 and a beta of 1.07. The company has a 50 day moving average of $4.88 and a 200 day moving average of $7.42.

Atlas Technical Consultants Company Profile

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. It offers testing, inspection, and certification services, such as construction materials testing; non-destructive testing and evaluations, materials testing and inspection, laboratory, and geophysics; construction quality assurance; owner verification and inspection; forensic and structural investigations; and materials laboratory services.