ATS (TSE:ATS) Trading Down 4.2% - Time to Sell?

ATS Co. (TSE:ATS - Get Free Report)'s stock price dropped 4.2% during mid-day trading on Tuesday . The company traded as low as C$38.86 and last traded at C$38.91. Approximately 129,849 shares changed hands during trading, a decline of 45% from the average daily volume of 235,572 shares. The stock had previously closed at C$40.60.

Analyst Ratings Changes

Separately, TD Securities increased their target price on ATS from C$56.00 to C$58.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$52.67.

ATS Trading Down 3.5 %

The firm has a 50-day moving average of C$40.10 and a 200 day moving average of C$40.98. The stock has a market capitalization of C$3.65 billion, a price-to-earnings ratio of 40.90 and a beta of 1.36.

About ATS

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.