Posted by admin on Aug 12th, 2022
Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $3.83, but opened at $4.11. Fathom Digital Manufacturing shares last traded at $4.12, with a volume of 2,571 shares trading hands.
A number of research analysts have recently commented on the stock. Craig Hallum dropped their target price on shares of Fathom Digital Manufacturing to $9.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Bank of America began coverage on shares of Fathom Digital Manufacturing in a research report on Friday, May 13th. They issued a “neutral” rating and a $7.00 target price on the stock. Finally, Needham & Company LLC lowered their price target on shares of Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday, May 17th.
The company has a current ratio of 1.01, a quick ratio of 0.79 and a debt-to-equity ratio of 0.27. The stock’s fifty day simple moving average is $4.11 and its two-hundred day simple moving average is $6.25.
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.03). The company had revenue of $40.54 million during the quarter, compared to analyst estimates of $41.30 million. Equities research analysts forecast that Fathom Digital Manufacturing Co. will post 0.04 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. bought a new stake in Fathom Digital Manufacturing during the first quarter valued at $36,000. Rhumbline Advisers bought a new position in shares of Fathom Digital Manufacturing during the 2nd quarter worth about $53,000. Victory Capital Management Inc. acquired a new stake in Fathom Digital Manufacturing in the first quarter valued at approximately $77,000. Northern Trust Corp bought a new position in shares of Fathom Digital Manufacturing in the first quarter valued at $103,000. Finally, Goldman Sachs Group Inc. acquired a new position in Fathom Digital Manufacturing during the 1st quarter valued at about $113,000. Institutional investors and hedge funds own 78.39% of the company’s stock.
Fathom Digital Manufacturing Corporation, a digital manufacturing platform, provides product development and manufacturing services in North America. It provides plastic and metal additive manufacturing, computer numerical control machining, injection molding and tooling, precision sheet metal fabrication, design engineering, urethane casting, and chemical etching.
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