ATS Automation Tooling Systems (ATA) Reaches New 12-Month High Following Analyst Upgrade

ATS Automation Tooling Systems Inc. (TSE:ATA)’s share price reached a new 52-week high during trading on Friday after Scotiabank raised their price target on the stock from C$16.50 to C$19.00. Scotiabank currently has an outperform rating on the stock. ATS Automation Tooling Systems traded as high as C$16.28 and last traded at C$15.92, with a volume of 177105 shares. The stock had previously closed at C$15.87.

Separately, TD Securities upped their price target on shares of ATS Automation Tooling Systems from C$15.00 to C$17.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th.

In related news, insider Chuck Gyles sold 5,500 shares of the stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of C$14.75, for a total value of C$81,125.00. Also, insider Stewart Mccuaig sold 15,000 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of C$15.90, for a total transaction of C$238,500.00. Insiders sold a total of 23,716 shares of company stock valued at $367,546 in the last quarter.

The company has a market capitalization of $1,500.00, a PE ratio of 37.70 and a beta of 0.93.

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About ATS Automation Tooling Systems

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. It is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. The company’s products include ATS Supertrak, a modular conveyor system; ATS850 clean room conveyor for applications requiring reliability, cleanliness, and non-contact queuing; ATS OmniTrak optimal solution; and LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations.

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