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

ATN International, Inc. (NASDAQ:ATNI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Wall Street Analyst Weigh In

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

ATN International Trading Down 0.4%

The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $435.68 million, a P/E ratio of -28.61, a price-to-earnings-growth ratio of 6.46 and a beta of 0.54. The firm’s 50-day simple moving average is $27.36 and its 200-day simple moving average is $24.89.

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

ATN International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.275 per share. The ex-dividend date 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 (DPR) is presently -111.11%.

Hedge Funds Weigh In On ATN International

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Brown Brothers Harriman & Co. raised its holdings in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after buying an additional 35,394 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after buying an additional 2,397 shares in the last quarter. Gamco Investors INC. ET AL grew its position in ATN International by 17.1% during the second quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after acquiring an additional 10,253 shares during the last quarter. Marshall Wace LLP grew its position in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after acquiring an additional 27,714 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its stake in shares of ATN International by 49.3% during the first quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock worth $799,000 after acquiring an additional 9,684 shares in the last quarter. 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.