Atotech Limited (NYSE:ATC)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $25.70 and last traded at $24.40, with a volume of 21792 shares trading hands. The stock had previously closed at $23.70.
A number of research analysts have issued reports on the stock. Citigroup assumed coverage on shares of Atotech in a report on Tuesday, March 2nd. They issued a “buy” rating for the company. BMO Capital Markets assumed coverage on Atotech in a research report on Monday, March 1st. They issued an “outperform” rating and a $24.00 price objective for the company. Jefferies Financial Group initiated coverage on Atotech in a research note on Monday, March 8th. They set a “buy” rating and a $26.00 price target on the stock. Deutsche Bank Aktiengesellschaft began coverage on Atotech in a report on Monday, March 1st. They set a “buy” rating for the company. Finally, Royal Bank of Canada started coverage on Atotech in a research report on Monday, March 1st. They set an “outperform” rating and a $23.00 target price on the stock. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Atotech has a consensus rating of “Buy” and an average price target of $23.57.
The company has a market cap of $4.77 billion and a PE ratio of -5.11. The stock’s 50 day moving average is $22.55. The company has a quick ratio of 1.27, a current ratio of 1.64 and a debt-to-equity ratio of 1.96.
A number of large investors have recently bought and sold shares of ATC. UBS Group AG bought a new position in Atotech during the 1st quarter worth approximately $71,000. Pinz Capital Management LP bought a new position in shares of Atotech in the first quarter valued at $100,000. Royal Bank of Canada bought a new position in Atotech in the 1st quarter valued at about $135,000. Laurion Capital Management LP bought a new position in Atotech in the 1st quarter valued at about $203,000. Finally, Paloma Partners Management Co bought a new position in Atotech in the 1st quarter valued at about $274,000. Institutional investors and hedge funds own 92.98% of the company’s stock.
About Atotech (NYSE:ATC)
Atotech Limited, a chemicals technology company, provides specialty electroplating and surface finishing solutions worldwide. The company operates in two segments, Electronics (EL) and General Metal Finishing (GMF). The EL segment manufactures and supplies chemistry, production equipment, and services to the electronics industry, which include printed circuit board manufacturers, package substrate makers, and semiconductor companies.
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