ATI Physical Therapy, Inc. (NYSE:ATIP – Get Rating) insider Eimile Tansey purchased 45,000 shares of the firm’s stock in a transaction dated Thursday, November 17th. The shares were bought at an average price of $0.55 per share, with a total value of $24,750.00. Following the purchase, the insider now owns 133,652 shares in the company, valued at approximately $73,508.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
ATI Physical Therapy Stock Down 2.8 %
ATIP opened at $0.53 on Monday. The business has a 50 day moving average of $0.98 and a 200-day moving average of $1.28. The stock has a market capitalization of $108.85 million, a price-to-earnings ratio of -0.26 and a beta of 0.24. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 3.15. ATI Physical Therapy, Inc. has a 1-year low of $0.48 and a 1-year high of $3.95.
ATI Physical Therapy (NYSE:ATIP – Get Rating) last released its earnings results on Tuesday, November 8th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The company had revenue of $156.79 million for the quarter, compared to analyst estimates of $163.26 million. ATI Physical Therapy had a negative net margin of 61.82% and a negative return on equity of 8.81%. During the same quarter in the previous year, the company earned ($0.29) earnings per share. As a group, sell-side analysts anticipate that ATI Physical Therapy, Inc. will post -0.16 earnings per share for the current year.
Institutional Investors Weigh In On ATI Physical Therapy
Analyst Upgrades and Downgrades
ATIP has been the subject of several analyst reports. Citigroup reduced their target price on ATI Physical Therapy from $1.40 to $1.20 and set a “neutral” rating for the company in a report on Tuesday, November 8th. Benchmark downgraded shares of ATI Physical Therapy from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Jefferies Financial Group lowered shares of ATI Physical Therapy from a “buy” rating to a “hold” rating and lowered their target price for the company from $2.00 to $1.15 in a research note on Thursday, October 27th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of ATI Physical Therapy to $2.00 in a research report on Wednesday, November 16th.
About ATI Physical Therapy
ATI Physical Therapy, Inc operates as an outpatient physical therapy provider that specializes in outpatient rehabilitation and adjacent healthcare services in the United States. It offers a range of services to its patients, including physical therapy to treat spine, shoulder, knee, and neck injuries or pain; work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity assessment, and wellness programs.
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