Shares of Atento SA (NYSE:ATTO) were up 5.9% during trading on Thursday . The stock traded as high as $2.94 and last traded at $2.86, approximately 116,076 shares changed hands during mid-day trading. A decline of 15% from the average daily volume of 136,130 shares. The stock had previously closed at $2.70.
A number of equities research analysts have recently weighed in on the stock. ValuEngine downgraded shares of Atento from a “buy” rating to a “hold” rating in a research note on Monday, November 4th. Zacks Investment Research cut shares of Atento from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.17.
The company has a market capitalization of $213.41 million, a price-to-earnings ratio of 3.71, a P/E/G ratio of 14.15 and a beta of 0.79. The company has a debt-to-equity ratio of 2.58, a current ratio of 1.44 and a quick ratio of 1.44. The firm’s fifty day moving average price is $2.90 and its 200-day moving average price is $2.64.
Hedge funds and other institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP lifted its stake in shares of Atento by 11.8% in the second quarter. GSA Capital Partners LLP now owns 78,000 shares of the business services provider’s stock worth $194,000 after acquiring an additional 8,216 shares during the period. Engine Capital Management LP increased its position in Atento by 18.0% during the 3rd quarter. Engine Capital Management LP now owns 65,189 shares of the business services provider’s stock valued at $178,000 after purchasing an additional 9,945 shares during the period. Russell Investments Group Ltd. raised its holdings in Atento by 133.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock worth $43,000 after purchasing an additional 10,036 shares during the last quarter. Tower Research Capital LLC TRC bought a new position in Atento during the 2nd quarter worth approximately $64,000. Finally, LPL Financial LLC acquired a new position in shares of Atento in the 2nd quarter worth approximately $125,000. Institutional investors and hedge funds own 74.01% of the company’s stock.
About Atento (NYSE:ATTO)
Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.
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