ATI Physical Therapy (NYSE:ATIP) Trading 0.8% Higher – Time to Buy?

ATI Physical Therapy, Inc. (NYSE:ATIP) shares shot up 0.8% during mid-day trading on Monday . The stock traded as high as $1.20 and last traded at $1.20. 907 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 36,630 shares. The stock had previously closed at $1.19.

ATI Physical Therapy Stock Performance

The company has a 50-day simple moving average of $1.14 and a 200-day simple moving average of $2.67. The stock has a market cap of $4.94 million, a P/E ratio of -0.06 and a beta of -0.18.

Hedge Funds Weigh In On ATI Physical Therapy

A hedge fund recently bought a new stake in ATI Physical Therapy stock. XTX Topco Ltd bought a new stake in shares of ATI Physical Therapy, Inc. (NYSE:ATIP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 16,694 shares of the company’s stock, valued at approximately $42,000. XTX Topco Ltd owned 0.38% of ATI Physical Therapy at the end of the most recent quarter. 72.60% of the stock is currently owned by hedge funds and other institutional investors.

ATI Physical Therapy Company Profile

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.