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ATS (TSE:ATS) Shares Up 16% - Here's What Happened

ATS logo with Industrials background

ATS Co. (TSE:ATS - Get Free Report)'s share price was up 16% during mid-day trading on Monday . The company traded as high as C$42.10 and last traded at C$40.65. Approximately 203,629 shares changed hands during trading, a decline of 13% from the average daily volume of 233,220 shares. The stock had previously closed at C$35.03.

Analysts Set New Price Targets

A number of research analysts have issued reports on ATS shares. TD Securities reduced their target price on shares of ATS from C$58.00 to C$54.00 and set a "buy" rating for the company in a research note on Monday, May 12th. Scotiabank set a C$43.00 price objective on shares of ATS and gave the company a "hold" rating in a research note on Tuesday, April 29th.

Check Out Our Latest Report on ATS

ATS Trading Down 4.7%

The firm's fifty day moving average price is C$35.98 and its 200 day moving average price is C$39.59. The firm has a market capitalization of C$3.91 billion, a PE ratio of 43.77 and a beta of 1.36.

ATS Company Profile

(Get Free Report)

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.

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