ATN International (NASDAQ:ATNI) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

ATN International, Inc. (NASDAQ:ATNI) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.18 and traded as high as $22.40. ATN International shares last traded at $22.23, with a volume of 37,556 shares.

Wall Street Analysts Forecast Growth

ATNI has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of ATN International in a research report on Monday. Wall Street Zen upgraded ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Finally, Zacks Research raised shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $22.00.

ATN International Price Performance

The company has a market capitalization of $339.23 million, a PE ratio of -23.90 and a beta of 0.53. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.21. The stock’s 50 day simple moving average is $18.93 and its 200-day simple moving average is $17.18.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.18 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.24. The business had revenue of $183.17 million during the quarter, compared to the consensus estimate of $182.40 million. ATN International had a negative net margin of 1.11% and a positive return on equity of 0.13%. As a group, equities analysts forecast that ATN International, Inc. will post -0.73 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Wednesday, December 31st will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, December 31st. ATN International’s dividend payout ratio is -118.28%.

Hedge Funds Weigh In On ATN International

Hedge funds have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. lifted its holdings in shares of ATN International by 357.2% in the 1st 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 during the last quarter. Strs Ohio purchased a new stake in ATN International in the first quarter valued at approximately $138,000. Ameriprise Financial Inc. boosted its holdings in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after acquiring an additional 2,397 shares during the period. Keeley Teton Advisors LLC grew its position in shares of ATN International by 36.4% during the first quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company’s stock worth $649,000 after acquiring an additional 8,525 shares during the last quarter. Finally, Marshall Wace LLP grew its position in shares of ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after acquiring 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 (NASDAQ: ATNI) is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.