Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating) fell 0.7% on Tuesday . The company traded as low as $1.38 and last traded at $1.40. 74,841 shares traded hands during mid-day trading, a decline of 2% from the average session volume of 76,310 shares. The stock had previously closed at $1.41.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on FATH. JPMorgan Chase & Co. began coverage on Fathom Digital Manufacturing in a report on Friday, November 11th. They issued an "overweight" rating for the company. Needham & Company LLC decreased their price target on Fathom Digital Manufacturing from $6.00 to $3.50 and set a "buy" rating for the company in a report on Tuesday, November 15th. Finally, Craig Hallum decreased their price target on Fathom Digital Manufacturing to $4.00 in a report on Thursday, November 17th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Fathom Digital Manufacturing currently has a consensus rating of "Moderate Buy" and a consensus price target of $6.90.
Get Fathom Digital Manufacturing alerts:Fathom Digital Manufacturing Trading Down 0.7 %
The company has a debt-to-equity ratio of 1.14, a current ratio of 0.95 and a quick ratio of 0.67. The company's 50-day moving average is $1.95 and its two-hundred day moving average is $2.63.
Fathom Digital Manufacturing (NYSE:FATH – Get Rating) last announced its quarterly earnings results on Monday, November 14th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). Fathom Digital Manufacturing had a negative net margin of 244.53% and a positive return on equity of 5.88%. The business had revenue of $40.21 million during the quarter, compared to the consensus estimate of $40.00 million. As a group, sell-side analysts expect that Fathom Digital Manufacturing Co. will post -0.08 earnings per share for the current year.Hedge Funds Weigh In On Fathom Digital Manufacturing
Several hedge funds have recently modified their holdings of FATH. JPMorgan Chase & Co. bought a new position in shares of Fathom Digital Manufacturing during the 1st quarter worth approximately $36,000. Price T Rowe Associates Inc. MD bought a new position in shares of Fathom Digital Manufacturing during the 2nd quarter worth approximately $50,000. Rhumbline Advisers bought a new position in shares of Fathom Digital Manufacturing during the 2nd quarter worth approximately $53,000. Needham Investment Management LLC bought a new position in shares of Fathom Digital Manufacturing during the 2nd quarter worth approximately $77,000. Finally, Northern Trust Corp bought a new position in shares of Fathom Digital Manufacturing during the 1st quarter worth approximately $103,000. Institutional investors own 21.60% of the company's stock.
About Fathom Digital Manufacturing
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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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