ATN International (NASDAQ:ATNI) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of ATN International, Inc. (NASDAQ:ATNI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.27 and traded as high as $26.53. ATN International shares last traded at $26.31, with a volume of 59,155 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have commented on ATNI shares. 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 raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, ATN International currently has a consensus rating of “Hold”.

ATN International Stock Up 2.1%

The firm has a 50 day moving average price of $27.28 and a 200-day moving average price of $25.27. The company has a current ratio of 1.21, a quick ratio of 1.16 and a debt-to-equity ratio of 1.01. The firm has a market cap of $404.65 million, a PE ratio of -26.58, a PEG ratio of 3.48 and a beta of 0.54.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data 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). The company had revenue of $182.22 million during the quarter, compared to analysts’ expectations of $183.40 million. ATN International had a negative net margin of 1.20% and a positive return on equity of 0.55%. Research analysts forecast that ATN International, Inc. will post 0.74 EPS for the current fiscal year.

ATN International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend was Tuesday, March 31st. ATN International’s payout ratio is -111.11%.

Institutional Investors Weigh In On ATN International

Institutional investors have recently modified their holdings of the company. Strs Ohio purchased a new stake in ATN International during the first quarter worth approximately $138,000. Segall Bryant & Hamill LLC purchased a new stake in ATN International during the fourth quarter worth approximately $448,000. Hillsdale Investment Management Inc. purchased a new stake in ATN International during the fourth quarter worth approximately $479,000. Ameriprise Financial Inc. lifted its stake in ATN International by 7.2% during the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after purchasing an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP lifted its stake in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.