ATS Automation Tooling Systems (ATA) Sets New 52-Week Low at $16.39

Shares of ATS Automation Tooling Systems Inc. (TSE:ATA) hit a new 52-week low during trading on Thursday . The stock traded as low as C$16.39 and last traded at C$16.41, with a volume of 108444 shares. The stock had previously closed at C$16.80.

ATA has been the subject of several analyst reports. TD Securities increased their price objective on ATS Automation Tooling Systems from C$22.00 to C$24.00 and gave the stock a “buy” rating in a research note on Thursday, August 16th. Royal Bank of Canada increased their price objective on ATS Automation Tooling Systems from C$20.00 to C$22.00 and gave the stock a “sector perform” rating in a research note on Friday, August 17th. Finally, National Bank Financial reissued an “outperform” rating and issued a C$26.00 price objective on shares of ATS Automation Tooling Systems in a research note on Friday, September 7th.

The company has a debt-to-equity ratio of 43.17, a current ratio of 2.33 and a quick ratio of 2.10.

ATS Automation Tooling Systems (TSE:ATA) last released its earnings results on Wednesday, November 7th. The company reported C$0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.23 by C($0.06). The firm had revenue of C$283.62 million during the quarter, compared to the consensus estimate of C$312.90 million. As a group, research analysts forecast that ATS Automation Tooling Systems Inc. will post 1.05999992654104 EPS for the current fiscal year.

In other ATS Automation Tooling Systems news, Director Michael E. Martino bought 15,100 shares of ATS Automation Tooling Systems stock in a transaction dated Tuesday, November 20th. The stock was bought at an average cost of C$16.84 per share, with a total value of C$254,284.00. Also, Director Joanne Shari Ferstman bought 2,000 shares of ATS Automation Tooling Systems stock in a transaction dated Monday, November 12th. The stock was acquired at an average cost of C$17.92 per share, with a total value of C$35,840.00. Over the last ninety days, insiders bought 35,800 shares of company stock valued at $615,302.

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ATS Automation Tooling Systems Company Profile (TSE:ATA)

ATS Automation Tooling Systems Inc provides factory automation solutions worldwide. The company is involved in the planning, designing, building, commissioning, and servicing automated manufacturing and assembly systems, including automation products and test solutions. Its products include ATS Supertrak, a modular conveyor system; ATS OmniTrak optimal solution; LogiTrack automated electrified monorail for transporting heavy workloads through assembly operations; Sortimat Clearliner, a tray handler for clean room requirement; Sortimat Workliner tray handling technology; Sortimat Birkman, a feeder technology for sorting, transporting, and separating parts; ATS Cortex system, a vision device that reduces integration time with standardized hardware and software; and ATS SmartVision software, a PC-based vision system.

Further Reading: Buyback For Investors Defined

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