Posted by admin on Jun 25th, 2022
Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating) shares gapped down prior to trading on Thursday . The stock had previously closed at $4.20, but opened at $4.11. Fathom Digital Manufacturing shares last traded at $4.10, with a volume of 600 shares changing hands.
A number of equities analysts have commented on the stock. Bank of America started coverage on shares of Fathom Digital Manufacturing in a research report on Friday, May 13th. They set a “neutral” rating and a $7.00 price objective for the company. Lake Street Capital reduced their price objective on shares of Fathom Digital Manufacturing from $12.50 to $9.00 in a research report on Monday, March 7th. Needham & Company LLC dropped their price objective on Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday, May 17th. Finally, Craig Hallum cut their price target on shares of Fathom Digital Manufacturing to $9.00 and set a “na” rating for the company in a report on Tuesday, May 17th.
The stock has a fifty day simple moving average of $5.56. The company has a quick ratio of 0.79, a current ratio of 1.01 and a debt-to-equity ratio of 0.27.
Several institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in shares of Fathom Digital Manufacturing in the first quarter valued at $36,000. Victory Capital Management Inc. bought a new position in Fathom Digital Manufacturing during the 1st quarter valued at $77,000. Sciencast Management LP acquired a new position in shares of Fathom Digital Manufacturing in the 1st quarter worth approximately $114,000. Northern Trust Corp acquired a new position in shares of Fathom Digital Manufacturing in the 1st quarter worth $103,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Fathom Digital Manufacturing during the first quarter valued at approximately $113,000. 78.39% of the stock is owned by institutional investors.
Fathom Digital Manufacturing Company Profile (NYSE:FATH)
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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