ATN International (NASDAQ:ATNI) Share Price Crosses Above 200 Day Moving Average – What’s Next?

ATN International, Inc. (NASDAQ:ATNI)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $18.44 and traded as high as $25.99. ATN International shares last traded at $25.91, with a volume of 71,075 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ATNI shares. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th. Weiss Ratings raised ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Finally, Zacks Research raised ATN International from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 30th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International has an average rating of “Hold” and an average target price of $22.00.

ATN International Stock Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.26. The company has a market cap of $395.39 million, a PE ratio of -27.86, a price-to-earnings-growth ratio of 6.85 and a beta of 0.57. The company’s 50 day moving average price is $22.35 and its 200-day moving average price is $18.44.

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

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.10 annualized dividend and a yield of 4.2%. ATN International’s dividend payout ratio (DPR) is -118.28%.

Institutional Investors Weigh In On ATN International

Institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new position in shares of ATN International in the first quarter worth about $138,000. Ameriprise Financial Inc. lifted its stake in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares in the last quarter. Marshall Wace LLP boosted its holdings in ATN International by 137.9% in the 2nd 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 period. Gamco Investors INC. ET AL grew its stake in 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, Gabelli Funds LLC grew its stake in ATN International by 54.7% in the 2nd quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock valued at $3,143,000 after buying an additional 68,407 shares in the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

ATN International Company Profile

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.