Atlas Arteria (OTCMKTS:MAQAF) Stock Falls 10.5% – Should You Sell?

Atlas Arteria Limited (OTCMKTS:MAQAF) shares fell 10.5% on Tuesday. The company traded as low as $2.64 and last traded at $2.64. 360 shares traded hands during trading, a decline of 70% from the average daily volume of 1,203 shares. The stock had previously closed at $2.95.

Analysts Set New Price Targets

Several research analysts have weighed in on MAQAF shares. Royal Bank Of Canada cut Atlas Arteria to an “underperform” rating and set a $4.75 price objective on the stock. in a research report on Thursday, July 2nd. Jefferies Financial Group upgraded shares of Atlas Arteria to a “buy” rating and set a $5.31 price target for the company in a research note on Thursday, August 27th. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.03.

Atlas Arteria Trading Down 10.5%

The company has a fifty day moving average price of $3.28 and a 200 day moving average price of $3.35.

Atlas Arteria Company Profile

Atlas Arteria Group is an owner and manager of transportation infrastructure assets, with a focus on toll roads and related concessions. The company invests in, develops and operates long-term road infrastructure under public-private partnership and concession arrangements, generating revenue from toll collections and other transportation-related activities.

Atlas Arteria’s portfolio includes interests in the APRR and AREA motorway networks in France, which together form one of the country’s major tolled motorway systems.