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

Shares of ATN International, Inc. (NASDAQ:ATNI) crossed 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.

Analyst Upgrades and Downgrades

ATNI has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. Weiss Ratings raised shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, ATN International has an average rating of “Hold”.

ATN International Stock Performance

The company has a market capitalization of $417.57 million, a PE ratio of -27.42, a PEG ratio of 3.65 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 firm’s 50-day simple moving average is $27.26 and its 200-day simple moving average is $25.37.

ATN International (NASDAQ:ATNI) last released 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%. On average, research analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current year.

ATN International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 4.1%. 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

Several hedge funds have recently made changes to their positions in ATNI. Brown Brothers Harriman & Co. lifted its holdings in shares of ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock worth $9,918,000 after buying an additional 35,394 shares during the period. Marshall Wace LLP lifted its holdings in shares of 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 buying an additional 27,714 shares during the period. Hillsdale Investment Management Inc. purchased a new stake in shares of ATN International in the 4th quarter worth $479,000. Segall Bryant & Hamill LLC purchased a new stake in shares of ATN International in the 4th quarter worth $448,000. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock worth $1,141,000 after buying an additional 10,253 shares during the period. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

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.