Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Insider Purchases $20,076.55 in Stock

Atlas Technical Consultants, Inc. (NASDAQ:ATCX – Get Rating) insider Jonathan M. Parnell purchased 2,305 shares of the firm’s stock in a transaction that occurred on Wednesday, May 18th. The shares were acquired at an average cost of $8.71 per share, with a total value of $20,076.55. Following the completion of the transaction, the insider now directly owns 128,737 shares of the company’s stock, valued at approximately $1,121,299.27. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Atlas Technical Consultants stock traded down $0.09 during trading hours on Friday, reaching $8.34. The company had a trading volume of 94,347 shares, compared to its average volume of 165,312. Atlas Technical Consultants, Inc. has a one year low of $7.50 and a one year high of $15.40. The business has a fifty day simple moving average of $11.71 and a 200 day simple moving average of $10.36. The firm has a market cap of $317.25 million, a PE ratio of -15.33 and a beta of 0.12.
Atlas Technical Consultants (NASDAQ:ATCX – Get Rating) last posted its quarterly earnings results on Tuesday, March 15th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Atlas Technical Consultants had a negative return on equity of 7.70% and a negative net margin of 3.25%. The company had revenue of $145.25 million during the quarter, compared to the consensus estimate of $140.70 million. During the same period in the previous year, the business earned ($0.43) earnings per share. As a group, equities research analysts predict that Atlas Technical Consultants, Inc. will post 0.29 earnings per share for the current fiscal year.
A number of research firms have issued reports on ATCX. Zacks Investment Research downgraded Atlas Technical Consultants from a “buy” rating to a “hold” rating in a research report on Tuesday. Stifel Nicolaus raised their target price on Atlas Technical Consultants from $13.00 to $16.00 and gave the stock a “buy” rating in a research report on Thursday, March 17th.
Several institutional investors have recently bought and sold shares of ATCX. Royal Bank of Canada boosted its stake in Atlas Technical Consultants by 167.2% during the third quarter. Royal Bank of Canada now owns 2,464 shares of the company’s stock valued at $25,000 after buying an additional 1,542 shares during the period. Advisor Group Holdings Inc. bought a new stake in Atlas Technical Consultants during the third quarter valued at $42,000. Penserra Capital Management LLC bought a new stake in Atlas Technical Consultants during the third quarter valued at $45,000. Allspring Global Investments Holdings LLC bought a new stake in Atlas Technical Consultants during the first quarter valued at $67,000. Finally, Wells Fargo & Company MN boosted its stake in Atlas Technical Consultants by 35.6% during the second quarter. Wells Fargo & Company MN now owns 5,774 shares of the company’s stock valued at $56,000 after buying an additional 1,517 shares during the period. 21.53% of the stock is owned by hedge funds and other institutional investors.
Atlas Technical Consultants Company Profile (Get Rating)
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.
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