ATN International (NASDAQ:ATNI) Stock Price Passes Above 200-Day Moving Average – What’s Next?

ATN International, Inc. (NASDAQ:ATNI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 changing hands.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

ATN International Stock Performance

The company has a market capitalization of $435.68 million, a P/E ratio of -28.61, a P/E/G ratio of 6.46 and a beta of 0.54. 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 company’s fifty day moving average is $27.36 and its 200 day moving average is $24.89.

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

ATN International Dividend Announcement

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of ATN International in the first quarter worth about $138,000. Segall Bryant & Hamill LLC purchased a new position in ATN International during the fourth quarter valued at approximately $448,000. Hillsdale Investment Management Inc. bought a new stake in ATN International during the 4th quarter worth approximately $479,000. Ameriprise Financial Inc. lifted its stake in ATN International by 7.2% in the 2nd 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 in the last quarter. Finally, Marshall Wace LLP lifted its stake in ATN International by 137.9% in the 2nd 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 in the last quarter. Hedge funds and other institutional investors own 65.50% of the company’s stock.

ATN International Company Profile

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.