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

by · The Cerbat Gem

ATN International, Inc. (NASDAQ:ATNIGet Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $24.89 and traded as high as $28.33. ATN International shares last traded at $28.3280, with a volume of 55,042 shares.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen cut shares of ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International presently has a consensus rating of “Hold”.

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ATN International Trading Down 0.4%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The company’s fifty day simple moving average is $27.36 and its 200-day simple moving average is $24.89. The company has a market capitalization of $435.68 million, a P/E ratio of -28.61, a PEG ratio of 6.40 and a beta of 0.54.

ATN International (NASDAQ:ATNIGet Free Report) last issued its earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.30). ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%.The business had revenue of $182.22 million for the quarter, compared to the consensus estimate of $183.40 million. Research analysts predict that ATN International, Inc. will post 0.44 earnings per share for the current year.

ATN International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, March 31st. ATN International’s dividend payout ratio is presently -111.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Strs Ohio purchased a new stake in shares of ATN International during the first quarter valued at about $138,000. Marshall Wace LLP lifted 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 valued at $777,000 after buying an additional 27,714 shares during the last quarter. Gamco Investors INC. ET AL lifted 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 valued at $1,141,000 after buying an additional 10,253 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of ATN International by 7.2% during the second 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 during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of ATN International by 5.6% during the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors.

About ATN International

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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.

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