Atlantic International (NASDAQ:ATLN) Upgraded to “Strong-Buy” at LADENBURG THALM/SH SH

LADENBURG THALM/SH SH upgraded shares of Atlantic International (NASDAQ:ATLN) to a strong-buy rating in a report issued on Wednesday,Zacks.com reports.

Atlantic International Price Performance

Shares of NASDAQ ATLN opened at $3.27 on Wednesday. Atlantic International has a 1-year low of $1.45 and a 1-year high of $7.97. The business has a 50-day moving average of $3.32 and a 200-day moving average of $3.15. The company has a market capitalization of $190.89 million, a price-to-earnings ratio of -1.49 and a beta of 1.14.

Institutional Investors Weigh In On Atlantic International

A hedge fund recently raised its stake in Atlantic International stock. Geode Capital Management LLC lifted its stake in Atlantic International Corp. (NASDAQ:ATLN) by 112.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 245,077 shares of the company’s stock after buying an additional 129,572 shares during the period. Geode Capital Management LLC owned approximately 0.40% of Atlantic International worth $498,000 as of its most recent SEC filing.

About Atlantic International

Atlantic International Corp. engages in the design, development, and manufacture of genetic analysis technologies. Its services include RNA sequencing and DNA sequencing. The company was founded by William C. St. Laurent and Daniel R. Jones in 2013 and is headquartered in Billercia, MA.