Posted by admin on Jun 15th, 2022
Fathom Digital Manufacturing Co. (NYSE:FATH – Get Rating) shares gapped down prior to trading on Wednesday . The stock had previously closed at $4.92, but opened at $4.55. Fathom Digital Manufacturing shares last traded at $4.55, with a volume of 100 shares trading hands.
Several analysts have commented on FATH shares. Bank of America started coverage on Fathom Digital Manufacturing in a report on Friday, May 13th. They issued a “neutral” rating and a $7.00 price target for the company. Craig Hallum lowered their price target on Fathom Digital Manufacturing to $9.00 and set a “na” rating for the company in a report on Tuesday, May 17th. Needham & Company LLC lowered their price target on Fathom Digital Manufacturing from $12.00 to $9.00 in a report on Tuesday, May 17th. Stifel Nicolaus began coverage on Fathom Digital Manufacturing in a report on Friday, February 18th. They issued a “buy” rating and a $11.00 price target for the company. Finally, Lake Street Capital reduced their price objective on Fathom Digital Manufacturing from $12.50 to $9.00 in a research note on Monday, March 7th.
The company has a debt-to-equity ratio of 0.27, a current ratio of 1.01 and a quick ratio of 0.79. The firm’s 50 day moving average price is $5.97.
Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new position in Fathom Digital Manufacturing during the 1st quarter worth approximately $36,000. Penserra Capital Management LLC acquired a new position in Fathom Digital Manufacturing during the 4th quarter worth approximately $59,000. Victory Capital Management Inc. acquired a new position in Fathom Digital Manufacturing during the 1st quarter worth approximately $77,000. State Street Corp acquired a new position in Fathom Digital Manufacturing during the 4th quarter worth approximately $120,000. Finally, Sciencast Management LP acquired a new position in Fathom Digital Manufacturing during the 1st quarter worth approximately $114,000. 78.39% of the stock is currently owned by hedge funds and other 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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