ATA (NASDAQ:AACG) Stock Price Down 0.8% – Here’s Why

ATA Inc. (NASDAQ:AACG)’s share price dropped 0.8% during trading on Thursday . The company traded as low as $0.9599 and last traded at $0.9540. Approximately 1,269 shares changed hands during trading, a decline of 95% from the average daily volume of 26,880 shares. The stock had previously closed at $0.9614.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of ATA in a research note on Friday, March 27th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, ATA presently has an average rating of “Sell”.

ATA Stock Performance

The company has a market cap of $41.05 million, a price-to-earnings ratio of -4.77 and a beta of 1.10. The firm’s 50 day simple moving average is $1.09 and its 200-day simple moving average is $1.01. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.32 and a current ratio of 0.32.

About ATA

ATA Creativity Global (NASDAQ: AACG) is a China-based provider of after-school art education services, delivering supplemental training to students from preschool through high school. The company’s curriculum spans traditional techniques such as sketching, watercolor and calligraphy, as well as digital art instruction, including digital illustration and multimedia design.

ATA Creativity Global combines in-person instruction at its learning centers with a proprietary online platform, enabling students to access course materials, interactive lessons and instructor feedback remotely.