Atlas Arteria (OTCMKTS:MAQAF) Shares Down 16.3% – Here’s What Happened

Shares of Atlas Arteria Limited (OTCMKTS:MAQAFGet Free Report) traded down 16.3% on Tuesday . The stock traded as low as $3.08 and last traded at $3.08. 200 shares changed hands during trading, a decline of 84% from the average session volume of 1,235 shares. The stock had previously closed at $3.68.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank Of Canada cut Atlas Arteria to an “underperform” rating and set a $4.75 price target for the company. in a research note on Thursday, July 2nd. Jefferies Financial Group upgraded Atlas Arteria to a “buy” rating and set a $5.31 price target on the stock in a research note on Thursday, August 27th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Atlas Arteria presently has an average rating of “Hold” and a consensus price target of $5.03.

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Atlas Arteria Trading Down 16.3%

The company’s 50 day moving average price is $3.47 and its 200 day moving average price is $3.38.

About Atlas Arteria

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Atlas Arteria (OTCMKTS: MAQAF) is a global toll road owner and operator specializing in the development, management and long-term investment of transport infrastructure. The company partners with governments and institutional investors to acquire, manage and optimise concession-based road assets, generating stable revenue streams through user fees and toll collections. Atlas Arteria focuses on enhancing traffic flow and safety through targeted capital improvements and operational efficiencies across its portfolio.

The company’s primary assets span North America, Europe and Australia.

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