Atento (NYSE:ATTO) Trading 5.9% Higher

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.

Atento (NYSE:ATTO) last released its quarterly earnings data on Wednesday, November 13th. The business services provider reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.15). The firm had revenue of $412.30 million for the quarter, compared to analyst estimates of $423.60 million. Atento had a negative net margin of 2.14% and a positive return on equity of 4.13%. On average, research analysts predict that Atento SA will post 0.02 earnings per share for the current year.

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.

Featured Article: What is the definition of a trade war?

Receive News & Ratings for Atento Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atento and related companies with MarketBeat.com's FREE daily email newsletter.