Atlantic International (NASDAQ:ATLN) Shares Down 2.8% – Should You Sell?

Atlantic International Corp. (NASDAQ:ATLN)’s stock price fell 2.8% during trading on Friday . The stock traded as low as $3.31 and last traded at $3.45. 47,432 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 231,979 shares. The stock had previously closed at $3.55.

Analyst Ratings Changes

Several brokerages have recently weighed in on ATLN. LADENBURG THALM/SH SH raised Atlantic International to a “strong-buy” rating in a research report on Thursday, December 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlantic International in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Atlantic International has an average rating of “Hold”.

Atlantic International Price Performance

The stock has a 50-day moving average price of $2.23 and a 200-day moving average price of $2.73. The firm has a market capitalization of $201.93 million, a PE ratio of -1.54 and a beta of 1.23.

Atlantic International (NASDAQ:ATLN) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.20) EPS for the quarter. The company had revenue of $110.13 million during the quarter.

Institutional Trading of Atlantic International

A number of hedge funds have recently made changes to their positions in ATLN. Strs Ohio bought a new stake in shares of Atlantic International in the third quarter worth $106,000. New York State Common Retirement Fund acquired a new position in Atlantic International during the 2nd quarter worth $97,000. Finally, Geode Capital Management LLC grew its holdings in Atlantic International by 112.2% during the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock worth $498,000 after acquiring an additional 129,572 shares in the last quarter.

About Atlantic International

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.