ATI Physical Therapy (NYSE:ATIP) Stock Price Down 17.9% – Here’s What Happened

ATI Physical Therapy, Inc. (NYSE:ATIP) shares were down 17.9% during mid-day trading on Monday . The stock traded as low as $1.15 and last traded at $1.15. Approximately 20,483 shares were traded during trading, a decline of 44% from the average daily volume of 36,693 shares. The stock had previously closed at $1.40.

ATI Physical Therapy Price Performance

The firm has a market capitalization of $5.51 million, a PE ratio of -0.07 and a beta of -0.18. The company’s fifty day simple moving average is $1.45 and its 200-day simple moving average is $3.16.

Hedge Funds Weigh In On ATI Physical Therapy

A hedge fund recently bought a new stake in ATI Physical Therapy stock. XTX Topco Ltd acquired a new stake in shares of ATI Physical Therapy, Inc. (NYSE:ATIP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 16,694 shares of the company’s stock, valued at approximately $42,000. XTX Topco Ltd owned approximately 0.38% of ATI Physical Therapy as of its most recent SEC filing. Institutional investors and hedge funds own 72.60% of the company’s stock.

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 injury rehabilitation services, work conditioning and work hardening; and hand therapy, aquatic therapy, functional capacity evaluation, sports medicine, and wellness programs.