AtlasClear (NYSEAMERICAN:ATCH) Now Covered by Analysts at Litchfield Hills Research

Litchfield Hills Research initiated coverage on shares of AtlasClear (NYSEAMERICAN:ATCH) in a research report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $1.00 price target on the stock. Litchfield Hills Research’s target price would suggest a potential upside of 383.09% from the company’s previous close.

AtlasClear Stock Performance

Shares of NYSEAMERICAN:ATCH traded up $0.01 during trading on Monday, hitting $0.21. The company’s stock had a trading volume of 681,892 shares, compared to its average volume of 4,304,328. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.56 and a quick ratio of 1.56. The company has a 50-day moving average of $0.22 and a 200-day moving average of $0.31. AtlasClear has a 12 month low of $0.14 and a 12 month high of $1.92.

AtlasClear (NYSEAMERICAN:ATCH) last announced its earnings results on Friday, February 13th. The company reported $0.05 earnings per share (EPS) for the quarter. AtlasClear had a net margin of 12.08% and a return on equity of 90.79%.

Institutional Investors Weigh In On AtlasClear

Several hedge funds and other institutional investors have recently modified their holdings of ATCH. Fairway Wealth LLC bought a new position in AtlasClear in the 3rd quarter worth $26,000. Diversify Wealth Management LLC bought a new stake in AtlasClear during the third quarter valued at about $31,000. Prospera Financial Services Inc purchased a new stake in AtlasClear in the third quarter worth about $63,000. Virtu Financial LLC increased its position in AtlasClear by 44.1% in the fourth quarter. Virtu Financial LLC now owns 400,289 shares of the company’s stock worth $100,000 after buying an additional 122,410 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in shares of AtlasClear by 42.8% in the fourth quarter. HighTower Advisors LLC now owns 813,900 shares of the company’s stock worth $204,000 after buying an additional 243,900 shares during the period. 47.57% of the stock is currently owned by hedge funds and other institutional investors.

About AtlasClear

AtlasClear, Inc (NYSE American: ATCH) is a financial technology and market-services company focused on the execution and clearing of equity-linked derivatives in the United States. Through its registered broker-dealer and clearing subsidiary, Atlas Clearing, LLC, the firm operates a dedicated trading venue for covered warrants and warrant-like instruments. The platform is designed to deliver efficient trade execution, enhanced liquidity and robust price discovery for institutional investors.

The company’s core offerings include proprietary market-making strategies, electronic order matching and centralized post-trade clearing services.