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

ATN International, Inc. (NASDAQ:ATNI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.57 and traded as high as $26.58. ATN International shares last traded at $26.04, with a volume of 89,995 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

ATN International Stock Performance

The company has a current ratio of 1.25, a quick ratio of 1.21 and a debt-to-equity ratio of 0.99. The stock’s fifty day simple moving average is $25.37 and its 200 day simple moving average is $20.68. The company has a market cap of $403.77 million, a price-to-earnings ratio of -18.90, a P/E/G ratio of 4.30 and a beta of 0.52.

ATN International (NASDAQ:ATNI) last issued its earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, hitting the consensus estimate of $0.03. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%.The business had revenue of $184.22 million for the quarter, compared to analysts’ expectations of $183.60 million. As a group, analysts anticipate that ATN International, Inc. will post -0.73 earnings per share for the current year.

Institutional Trading of ATN International

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Strs Ohio acquired a new position in shares of ATN International during the 1st quarter valued at about $138,000. Segall Bryant & Hamill LLC acquired a new position in ATN International in the 4th quarter valued at about $448,000. Hillsdale Investment Management Inc. purchased a new stake in shares of ATN International in the 4th quarter valued at approximately $479,000. Ameriprise Financial Inc. grew its stake in shares of ATN International by 7.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock valued at $583,000 after buying an additional 2,397 shares during the period. Finally, Marshall Wace LLP increased its holdings in shares of ATN International by 137.9% during 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 last quarter. 65.50% of the stock is owned by institutional investors and hedge funds.

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.