AtlasClear (NYSEAMERICAN:ATCH) Posts Quarterly Earnings Results

AtlasClear (NYSEAMERICAN:ATCH) issued its quarterly earnings data on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of $2.79 million during the quarter. AtlasClear had a return on equity of 90.79% and a net margin of 12.08%.

AtlasClear Stock Down 3.7%

NYSEAMERICAN ATCH opened at $0.24 on Thursday. AtlasClear has a 52-week low of $0.14 and a 52-week high of $1.92. The company has a fifty day moving average of $0.24 and a 200-day moving average of $0.27. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.65.

Analyst Ratings Changes

A number of equities analysts have weighed in on ATCH shares. Zacks Research upgraded AtlasClear to a “hold” rating in a research note on Tuesday, April 7th. Litchfield Hills Research started coverage on AtlasClear in a research report on Monday, April 6th. They set a “buy” rating and a $1.00 price target for the company. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1.00.

Institutional Investors Weigh In On AtlasClear

Hedge funds have recently added to or reduced their stakes in the company. Fairway Wealth LLC purchased a new position in shares of AtlasClear in the 3rd quarter worth about $26,000. Diversify Wealth Management LLC purchased a new position in shares of AtlasClear during the 3rd quarter valued at about $31,000. Prospera Financial Services Inc bought a new stake in AtlasClear in the 3rd quarter worth approximately $63,000. Virtu Financial LLC boosted its stake in AtlasClear by 44.1% in the fourth quarter. Virtu Financial LLC now owns 400,289 shares of the company’s stock worth $100,000 after buying an additional 122,410 shares in the last quarter. Finally, HighTower Advisors LLC boosted its stake in AtlasClear by 42.8% in the fourth quarter. HighTower Advisors LLC now owns 813,900 shares of the company’s stock worth $204,000 after buying an additional 243,900 shares in the last quarter. Institutional investors own 47.57% of the company’s stock.

AtlasClear Company Profile

AtlasClear, Inc (NYSE American: ATCH) is a financial technology and market-services company focused on the execution and clearing of equity-linked derivatives in the United States. Through its registered broker-dealer and clearing subsidiary, Atlas Clearing, LLC, the firm operates a dedicated trading venue for covered warrants and warrant-like instruments. The platform is designed to deliver efficient trade execution, enhanced liquidity and robust price discovery for institutional investors.

The company’s core offerings include proprietary market-making strategies, electronic order matching and centralized post-trade clearing services.