ATN International (NASDAQ:ATNI) Shares Cross Above 200-Day Moving Average – What’s Next?

ATN International, Inc. (NASDAQ:ATNI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $20.57 and traded as high as $26.58. ATN International shares last traded at $26.04, with a volume of 89,995 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

ATN International Trading Up 6.3%

The stock has a market capitalization of $397.29 million, a PE ratio of -18.73, a price-to-earnings-growth ratio of 3.95 and a beta of 0.52. The company has a current ratio of 1.26, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00. The firm has a 50-day moving average price of $25.21 and a 200-day moving average price of $20.57.

ATN International (NASDAQ:ATNI) last issued its quarterly earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.03. The company had revenue of $184.22 million for the quarter, compared to the consensus estimate of $183.60 million. ATN International had a negative net margin of 2.05% and a negative return on equity of 0.52%. As a group, equities analysts forecast that ATN International, Inc. will post -0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On ATN International

Hedge funds have recently modified their holdings of the stock. Strs Ohio bought a new stake in shares of ATN International in the first quarter valued at $138,000. Segall Bryant & Hamill LLC bought a new position in shares of ATN International during the 4th quarter worth $448,000. Hillsdale Investment Management Inc. bought a new position in shares of ATN International during the 4th quarter worth $479,000. Ameriprise Financial Inc. increased its holdings in ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP increased 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 acquiring an additional 27,714 shares during the last quarter. Institutional investors own 65.50% of the company’s stock.

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.