Headlines
- Atlas Energy Solutions shareholder reduces stake
- Stacy Hock finalizes significant share sale
- Atlas Energy Solutions maintains stable stock performance
Atlas Energy Solutions Inc. (NYSE:AESI) recently experienced a significant transaction as major shareholder Stacy Hock sold a portion of her shares. This transaction took place on October 3rd, where 8,571 shares were sold. The shares were sold at an average price of $21.49, and following this sale, Hock now holds 934,746 shares in the company. This reduction in her ownership was disclosed through a legal filing with the SEC. Public disclosure is required for large shareholders who own over 10% of the company's shares.
Atlas Energy Solutions' stock experienced a slight decline, with shares trading down by $0.10 during mid-day trading on Monday. The stock traded at $22.61, with a volume of 568,606 shares, slightly lower compared to its average trading volume. The company has seen its stock fluctuate between a 52-week low of $15.55 and a high of $24.93. The company maintains a steady performance with a 50-day moving average of $20.80 and a 200-day moving average of $21.53.
Atlas Energy Solutions remains in a strong position, with a debt-to-equity ratio of 0.42, indicating a manageable debt load. The quick ratio and current ratio, both above 1, suggest solid liquidity for the business. Additionally, the company holds a market capitalization of $2.26 billion. With a price-to-earnings ratio of 12.51, the company's valuation remains attractive. The stock's beta of 0.56 also reflects moderate volatility in comparison to the broader market.
Atlas Energy Solutions continues to exhibit a balanced financial outlook, even with changes in shareholder positions.