Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
ATS Corporation ( (TSE:ATS) ) has issued an announcement.
ATS Corporation announced a new normal course issuer bid (NCIB) approved by the Toronto Stock Exchange, allowing the company to repurchase up to 10% of its public float. This move aims to enhance shareholder value and is part of ATS’s broader capital strategy, complementing its growth plans. The initiative signifies ATS’s belief that its share price may not reflect intrinsic value, offering liquidity to shareholders and potential benefits to remaining shareholders.
More about ATS Corporation
ATS Corporation is a leading provider of automation solutions to successful global companies. With expertise in custom and repeat automation, ATS serves markets such as life sciences, transportation, food & beverage, consumer products, and energy. Founded in 1978, the company employs over 7,500 people across 65 manufacturing facilities and more than 85 offices worldwide.
YTD Price Performance: -22.17%
Average Trading Volume: 305,241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: C$4.35B
Find detailed analytics on ATS stock on TipRanks’ Stock Analysis page.
