AtlasClear (NYSEAMERICAN:ATCH) Posts Earnings Results

AtlasClear (NYSEAMERICAN:ATCH) issued its quarterly earnings results on Wednesday. The company reported ($0.01) earnings per share (EPS) for the quarter, FiscalAI reports. AtlasClear had a return on equity of 37.79% and a net margin of 16.82%.The firm had revenue of $2.79 million for the quarter.

AtlasClear Stock Down 6.2%

ATCH traded down $0.01 on Friday, hitting $0.22. 3,392,803 shares of the company were exchanged, compared to its average volume of 4,358,071. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.65. The business’s fifty day moving average is $0.24 and its 200 day moving average is $0.27. AtlasClear has a fifty-two week low of $0.14 and a fifty-two week high of $1.92.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ATCH shares. Litchfield Hills Research started coverage on shares of AtlasClear in a research note on Monday, April 6th. They set a “buy” rating and a $1.00 price target on the stock. Zacks Research upgraded shares of AtlasClear to a “hold” rating in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC grew its position in AtlasClear by 44.1% during 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 during the period. Jane Street Group LLC grew its position in AtlasClear by 1,823.2% during the fourth quarter. Jane Street Group LLC now owns 921,251 shares of the company’s stock worth $231,000 after buying an additional 873,348 shares during the period. Geode Capital Management LLC grew its position in AtlasClear by 740.6% during the fourth quarter. Geode Capital Management LLC now owns 1,179,315 shares of the company’s stock worth $296,000 after buying an additional 1,039,013 shares during the period. HighTower Advisors LLC grew its position in AtlasClear by 42.8% during 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. Finally, Diversify Wealth Management LLC acquired a new position in AtlasClear during the third quarter worth about $31,000. 47.57% of the stock is currently owned by institutional investors and hedge funds.

AtlasClear Company Profile

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.