Fathom Digital Manufacturing (NYSE:FATH) Shares Gap Down to $5.54

Shares of Fathom Digital Manufacturing Co. (NYSE:FATHGet Rating) gapped down prior to trading on Thursday . The stock had previously closed at $5.54, but opened at $5.35. Fathom Digital Manufacturing shares last traded at $5.37, with a volume of 177 shares.

A number of equities analysts have commented on FATH shares. Needham & Company LLC cut their price objective on shares of Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday. Zacks Investment Research lowered shares of Fathom Digital Manufacturing from a “buy” rating to a “hold” rating in a research note on Monday, May 9th. Stifel Nicolaus initiated coverage on shares of Fathom Digital Manufacturing in a research note on Friday, February 18th. They set a “buy” rating and a $11.00 price objective on the stock. Craig Hallum dropped their price objective on shares of Fathom Digital Manufacturing to $9.00 and set a “na” rating on the stock in a research note on Tuesday. Finally, Bank of America started coverage on shares of Fathom Digital Manufacturing in a report on Friday, May 13th. They set a “neutral” rating and a $7.00 target price for the company. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Fathom Digital Manufacturing presently has a consensus rating of “Buy” and a consensus target price of $8.88.

The firm has a 50 day simple moving average of $6.81. The company has a current ratio of 1.22, a quick ratio of 0.95 and a debt-to-equity ratio of 0.29.

A number of large investors have recently bought and sold shares of FATH. Tuttle Capital Management LLC acquired a new stake in Fathom Digital Manufacturing in the 4th quarter worth $42,000. Siguler Guff Advisers LLC acquired a new stake in Fathom Digital Manufacturing in the 4th quarter worth $139,738,000. State Street Corp bought a new position in shares of Fathom Digital Manufacturing during the 4th quarter worth about $120,000. Centiva Capital LP bought a new position in shares of Fathom Digital Manufacturing during the 4th quarter worth about $198,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Fathom Digital Manufacturing during the 4th quarter worth about $164,000. Institutional investors and hedge funds own 78.39% of the company’s stock.

Fathom Digital Manufacturing Company Profile (NYSE:FATH)

Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, CNC machining, injection molding and tooling, and sheet metal fabrication, as well as urethane casting, model assembly and finishing, engineering and design support, and quality inspection services for the technology, defense, aerospace, medical, automotive, and IOT sectors.

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