Atlas Technical Consultants, Inc. (NASDAQ:ATCX) Sees Large Drop in Short Interest

Atlas Technical Consultants, Inc. (NASDAQ:ATCXGet Rating) saw a large decline in short interest in the month of July. As of July 31st, there was short interest totalling 574,100 shares, a decline of 11.1% from the July 15th total of 645,500 shares. Based on an average daily trading volume, of 114,500 shares, the short-interest ratio is currently 5.0 days.

Atlas Technical Consultants Stock Up 4.2 %

NASDAQ:ATCX traded up $0.35 during mid-day trading on Tuesday, reaching $8.67. The company’s stock had a trading volume of 298 shares, compared to its average volume of 84,496. Atlas Technical Consultants has a 1 year low of $4.71 and a 1 year high of $13.57. The stock has a fifty day moving average of $6.30 and a 200-day moving average of $9.30.

Atlas Technical Consultants (NASDAQ:ATCXGet Rating) last released its quarterly earnings data on Tuesday, August 9th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.11). Atlas Technical Consultants had a negative net margin of 2.61% and a negative return on equity of 8.55%. During the same quarter in the prior year, the company earned $0.11 EPS. As a group, research analysts anticipate that Atlas Technical Consultants will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Atlas Technical Consultants

In related news, COO Kenneth Jerome Burns, Jr. purchased 7,245 shares of the firm’s stock in a transaction dated Friday, May 20th. The stock was purchased at an average price of $8.35 per share, with a total value of $60,495.75. Following the completion of the purchase, the chief operating officer now owns 43,346 shares of the company’s stock, valued at approximately $361,939.10. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders purchased a total of 12,550 shares of company stock valued at $104,212 in the last three months. Company insiders own 10.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in ATCX. Allspring Global Investments Holdings LLC bought a new stake in Atlas Technical Consultants during the first quarter valued at about $67,000. UBS Group AG raised its stake in shares of Atlas Technical Consultants by 37.8% during the 1st quarter. UBS Group AG now owns 6,962 shares of the company’s stock worth $83,000 after acquiring an additional 1,910 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Atlas Technical Consultants during the 1st quarter worth approximately $83,000. JPMorgan Chase & Co. lifted its position in Atlas Technical Consultants by 37.4% during the second quarter. JPMorgan Chase & Co. now owns 9,534 shares of the company’s stock valued at $50,000 after acquiring an additional 2,595 shares during the last quarter. Finally, Crestmont Private Wealth LLC acquired a new stake in Atlas Technical Consultants in the second quarter valued at approximately $58,000. 21.53% of the stock is currently 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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