Insider Selling: Atlantic International (NASDAQ:CIRC) CEO Sells $308,783.00 in Stock

Atlantic International Corp. (NASDAQ:CIRC) CEO Guus Paul Wilhelm Franke sold 308,783 shares of Atlantic International stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $1.00, for a total transaction of $308,783.00. Following the completion of the transaction, the chief executive officer directly owned 12,207,287 shares in the company, valued at $12,207,287. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Atlantic International Trading Up 53.4%

CIRC stock opened at $0.93 on Friday. The firm has a market capitalization of $75.19 million, a P/E ratio of -0.70 and a beta of 0.79. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.09. Atlantic International Corp. has a 12 month low of $0.41 and a 12 month high of $5.25.

Atlantic International (NASDAQ:CIRC) last issued its quarterly earnings data on Monday, June 22nd. The company reported ($0.44) earnings per share (EPS) for the quarter. The business had revenue of $249.89 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings initiated coverage on Atlantic International in a research note on Monday. They set a “sell (d-)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Atlantic International Company Profile

Atlantic International Corp. is a specialty staffing and workforce solutions company that provides professional and administrative talent to clients across a range of industries. Through its operating businesses, the company focuses on connecting employers with qualified candidates for temporary, temp-to-perm, and permanent placement needs.

The company’s services are generally centered on staffing, recruitment, and workforce management support, helping organizations address labor shortages and staffing fluctuations.