Wall Street Zen Downgrades Agape ATP (NASDAQ:ATPC) to Sell

Agape ATP (NASDAQ:ATPC) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Sunday.

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Agape ATP in a research note on Friday, May 22nd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

Agape ATP Price Performance

NASDAQ ATPC opened at $3.88 on Friday. The company’s 50 day simple moving average is $2.85 and its two-hundred day simple moving average is $6.36. Agape ATP has a 1 year low of $1.72 and a 1 year high of $79.33. The stock has a market capitalization of $3.88 million, a PE ratio of -2.92 and a beta of 0.08.

Agape ATP (NASDAQ:ATPC) last released its quarterly earnings results on Friday, May 15th. The company reported ($0.33) EPS for the quarter. The firm had revenue of $0.27 million for the quarter. Agape ATP had a negative net margin of 125.89% and a negative return on equity of 8.43%.

Institutional Investors Weigh In On Agape ATP

A hedge fund recently raised its stake in Agape ATP stock. Citadel Advisors LLC boosted its position in Agape ATP Corporation (NASDAQ:ATPC) by 95.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 65,130 shares of the company’s stock after acquiring an additional 31,849 shares during the period. Citadel Advisors LLC owned 0.13% of Agape ATP worth $82,000 at the end of the most recent reporting period. 0.01% of the stock is currently owned by institutional investors.

About Agape ATP

Agape ATP Corporation, an investment holding company, supplies health and wellness products and health solution advisory services in Malaysia. It offers four series of programs that consist of various services and products under the ATP Zeta Health Program, ÉNERGÉTIQUE, BEAUNIQUE, and E.A.T.S. names. The company's products include ATP1s Survivor Select that contains various essential nutrients required by the human body to maintain normal metabolism; ATP3 Ionized Cal-Mag, a calcium and magnesium minerals supplement; ATP4 Omega Blend, an oil blend that provides a bio-effective balance of essential fatty acids, omega 3, and omega 6; ATP5 BetaMaxx, a natural immune enhancer; AGN-Vege Fruit Fiber, a nutrition-based formulation for intestines and stomach; AGP1-Iron to improve iron deficiency anemia; and YFA-Young Formula, an anti-aging and youthful maintenance supplement.