ATN International (NASDAQ:ATNI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

ATN International, Inc. (NASDAQ:ATNI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $16.05 and traded as high as $20.00. ATN International shares last traded at $19.30, with a volume of 41,287 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings restated a “sell (d+)” rating on shares of ATN International in a report on Monday. Wall Street Zen raised shares of ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Finally, Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $22.00.

ATN International Price Performance

The company has a current ratio of 1.22, a quick ratio of 1.16 and a debt-to-equity ratio of 1.00. The stock has a 50-day simple moving average of $15.81 and a 200 day simple moving average of $16.05. The stock has a market capitalization of $294.46 million, a price-to-earnings ratio of -5.73 and a beta of 0.61.

ATN International (NASDAQ:ATNI) last issued its earnings results on Monday, November 10th. The technology company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.24. The company had revenue of $183.17 million for the quarter, compared to the consensus estimate of $182.40 million. ATN International had a negative return on equity of 0.61% and a negative net margin of 6.26%. On average, equities research analysts forecast that ATN International, Inc. will post -0.73 EPS for the current fiscal year.

ATN International Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 7th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.7%. ATN International’s dividend payout ratio (DPR) is -118.28%.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently modified their holdings of the company. Russell Investments Group Ltd. grew its stake in ATN International by 357.2% in the first quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company’s stock valued at $86,000 after purchasing an additional 3,304 shares in the last quarter. Keeley Teton Advisors LLC raised its stake in shares of ATN International by 36.4% during the 1st quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company’s stock worth $649,000 after purchasing an additional 8,525 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares during the last quarter. Gamco Investors INC. ET AL grew its stake in shares of ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after buying an additional 10,253 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after buying an additional 27,714 shares during the last quarter. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.