Alert: Positive Investment/Fundamental Signals (12/19/23)-ATS Corp (NYSE: ATSAF)


ATS Corp (NYSE: ATSAF) has benefited from exceptional positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend, its longer term price trend turned up, and its shorter term price trend turned up.

Recent small positive changes in fundamentals have benefitted ATS Corp (NYSE: ATSAF): significant quarterly earnings acceleration occurred.

In light of these very positive signals we are reviewing our current Overall Rating of D. We would view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to exceed the cost of capital, ATSAF is expected to continue to be a major Value Builder.

ATS has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. ATS has a poor Appreciation Score of 24 but a neutral Power Rating of 53, leading to the Negative Value Trend Rating.

Recent Price Action

ATS Corp (NYSE: ATSAF) stock enjoyed a large increase of 2.9% on 12/19/23. The stock closed at $44.05. Trading volume in this advance was normal. The stock has performed in line with the market over the last nine months and has risen 10.1% during the last week.

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