Atlantic International (NASDAQ:ATLN) Trading Up 19.1% – Time to Buy?

Atlantic International Corp. (NASDAQ:ATLN) shot up 19.1% during mid-day trading on Thursday . The company traded as high as $2.4380 and last traded at $2.31. 112,446 shares traded hands during mid-day trading, a decline of 67% from the average session volume of 340,360 shares. The stock had previously closed at $1.94.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ATLN. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlantic International in a research note on Wednesday, October 8th. LADENBURG THALM/SH SH upgraded Atlantic International to a “strong-buy” rating in a report on Thursday, December 18th. Finally, Zacks Research raised Atlantic International to a “hold” rating in a research note on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Atlantic International Price Performance

The firm has a market capitalization of $152.76 million, a price-to-earnings ratio of -1.17 and a beta of 1.17. The business’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $2.58.

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

Institutional Investors Weigh In On Atlantic International

Hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its holdings in shares of Atlantic International by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock worth $498,000 after purchasing an additional 129,572 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Atlantic International during the second quarter worth $97,000. Finally, Strs Ohio acquired a new position in Atlantic International during the third quarter worth $106,000.

Atlantic International Company Profile

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.