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

ATN International, Inc. (NASDAQ:ATNI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.73 and traded as high as $22.42. ATN International shares last traded at $22.30, with a volume of 28,335 shares.

Wall Street Analysts Forecast Growth

ATNI has been the topic of several research reports. Zacks Research upgraded shares of ATN International from a “strong sell” rating to a “hold” rating in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of ATN International in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $22.00.

ATN International Price Performance

The company has a market cap of $340.30 million, a price-to-earnings ratio of -23.98, a P/E/G ratio of 6.11 and a beta of 0.56. The company’s 50-day simple moving average is $20.75 and its 200-day simple moving average is $17.73. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.26 and a quick ratio of 1.21.

ATN International (NASDAQ:ATNI) last announced its earnings results on Thursday, November 6th. The technology company reported $0.18 earnings per share for the quarter, beating 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%. On average, equities research analysts anticipate that ATN International, Inc. will post -0.73 EPS for the current year.

ATN International Dividend Announcement

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Strs Ohio purchased a new position in ATN International in the first quarter valued at about $138,000. Ameriprise Financial Inc. raised its position in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after purchasing an additional 2,397 shares in the last quarter. Marshall Wace LLP boosted its stake in shares of ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after buying an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after buying an additional 10,253 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of ATN International by 54.7% during the second quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after buying an additional 68,407 shares in the last quarter. Institutional investors and hedge funds own 65.50% of the company’s stock.

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.