AcuityAds Holdings Inc. (TSE:AT) (NASDAQ: ATV) was up 9% in the last session. Recently the digital ad tech leaders that offer targeted media solution that enables advertisers to connect to audiences intelligently announced that it was part of the 2021
Trading Data
On Monday, AT stock surged 8.98% to C$3.64 with more than 547k shares, compared to its average volume of 656k shares. The stock has moved within a range of C$3.4200 – 3.6500 after opening trade at $3.50.
AcuityAds Named to The Globe and Mail’s Third-Annual Ranking of Canada’s Top Growing Companies
Business Ranking report of Canada’s Top Growing Companies. The list ranks top Canadian firms on three-year growth in revenue, and the company earnings the spot with 79% growth in three years. In addition, the company was chosen to be among the top companies because of the success of its automation tech, illumin.
The company also confirmed the pricing of the previously announced common shares marketed public offerings in the US and Canada. Notably, underwriters agreed to acquire a total of around 4.93 common shares at $10.15 per share for total gross proceeds of $50 million. From June 10, 2021, the common shares will begin trading in the Nasdaq Exchange under ticker “ATY” and continue listing in the Toronto Stock Exchange using ticker “AT.” So in the coming weeks, investors should watch AT.
Key Quote
“We are honored to be recognized on The Globe and Mail’s 2021 Report on Business ranking of Canada’s Top Growing Companies list for two consecutive years,” said Tal Hayek, Co-Founder, and CEO of AcuityAds. “To be included as a top company in Canada is a testament to the success of our illumin and further demonstrates a need to help brands across the U.S. and Canada understand the consumer journey.”
Technical Data
AT stock is trading below the 20-Day and 50-Day Moving averages of $3.81 and $4.26 respectively. Moreover, the stock is trading below the 200-Day moving average of $9.01. The stock is down 23% in the past month.
