ATN International (NASDAQ:ATNI) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of ATN International, Inc. (NASDAQ:ATNI) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.34 and traded as high as $28.10. ATN International shares last traded at $27.61, with a volume of 68,339 shares traded.

Analysts Set New Price Targets

ATNI has been the subject of a number of recent research reports. Wall Street Zen cut shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings lowered shares of ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, March 17th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

ATN International Trading Down 0.8%

The firm has a market capitalization of $424.37 million, a P/E ratio of -19.86, a PEG ratio of 4.49 and a beta of 0.51. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.99. The firm has a 50 day moving average of $26.20 and a 200-day moving average of $21.34.

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

ATN International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be given a $0.275 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 4.0%. ATN International’s dividend payout ratio (DPR) is presently -79.14%.

Institutional Investors Weigh In On ATN International

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio acquired a new stake in ATN International during the first quarter worth about $138,000. Marshall Wace LLP raised its position in shares of ATN International by 137.9% in 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 in the last quarter. Gamco Investors INC. ET AL raised its position 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. Gabelli Funds LLC lifted its holdings in shares of ATN International by 54.7% during the 2nd quarter. Gabelli Funds LLC now owns 193,407 shares of the technology company’s stock worth $3,143,000 after acquiring an additional 68,407 shares during the period. Finally, Ameriprise Financial Inc. boosted its position 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 worth $583,000 after acquiring an additional 2,397 shares in the last quarter. Institutional investors 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.