ATA (ATAI) Shares Down 12.8%

ATA Inc. (NASDAQ:ATAI) shares dropped 12.8% on Tuesday . The stock traded as low as $2.20 and last traded at $2.25. Approximately 755,211 shares traded hands during trading, a decline of 52% from the average daily volume of 1,570,313 shares. The stock had previously closed at $2.58.

ATA (NASDAQ:ATAI) last posted its quarterly earnings data on Monday, May 13th. The company reported ($0.10) earnings per share for the quarter. The firm had revenue of $0.24 million for the quarter. ATA had a negative return on equity of 61.27% and a net margin of 52,906.01%.

A hedge fund recently raised its stake in ATA stock. Renaissance Technologies LLC lifted its position in shares of ATA Inc. (NASDAQ:ATAI) by 973.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 322,999 shares of the company’s stock after buying an additional 292,899 shares during the period. Renaissance Technologies LLC owned about 1.33% of ATA worth $339,000 at the end of the most recent quarter. Institutional investors and hedge funds own 1.51% of the company’s stock.

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ATA Inc, through its subsidiaries, provides computer-based testing services in the People's Republic of China. The company offers services for the creation and delivery of computer-based tests utilizing its test delivery platform and proprietary testing technologies that are used for professional licensure and certification tests in various industries, including IT services, banking, teaching, and insurance; and administrative services, such as test registration, scheduling, fee collection, and certification fulfillment.

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