AtlasClear (NYSEAMERICAN:ATCH) Coverage Initiated at Litchfield Hills Research

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

AtlasClear Price Performance

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

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

Institutional Trading of AtlasClear

Institutional investors and hedge funds have recently bought and sold shares of the company. Fairway Wealth LLC purchased a new position in shares of AtlasClear in the third quarter worth $26,000. Diversify Wealth Management LLC bought a new stake in AtlasClear in the 3rd quarter worth about $31,000. Prospera Financial Services Inc bought a new stake in AtlasClear in the 3rd quarter worth about $63,000. Virtu Financial LLC purchased a new position in AtlasClear in the 3rd quarter worth about $142,000. Finally, HighTower Advisors LLC lifted its stake in AtlasClear by 42.8% during the 4th quarter. HighTower Advisors LLC now owns 813,900 shares of the company’s stock valued at $204,000 after acquiring an additional 243,900 shares during the period. 47.57% of the stock is currently owned by 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.