Atlantic International (NASDAQ:ATLN) Shares Down 1.6% – Here’s What Happened

Atlantic International Corp. (NASDAQ:ATLN)’s share price was down 1.6% during trading on Tuesday . The stock traded as low as $0.87 and last traded at $0.8860. Approximately 18,762,900 shares were traded during trading, a decline of 40% from the average session volume of 31,183,988 shares. The stock had previously closed at $0.9001.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ATLN. Wall Street Zen upgraded Atlantic International to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of Atlantic International from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Atlantic International Trading Down 1.6%

The company has a debt-to-equity ratio of 1.09, a current ratio of 0.39 and a quick ratio of 0.39. The stock has a market capitalization of $72.03 million, a P/E ratio of -0.67 and a beta of 0.79. The firm’s 50 day moving average price is $1.08 and its 200 day moving average price is $2.22.

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

Institutional Trading of Atlantic International

Several large investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its holdings in 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 bought a new stake in shares of Atlantic International during the 2nd quarter valued at about $97,000. Deutsche Bank AG increased its position in shares of Atlantic International by 232.1% during the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock valued at $68,000 after buying an additional 35,513 shares during the period. Strs Ohio increased its position in shares of Atlantic International by 54.4% during the first quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after buying an additional 19,000 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Atlantic International in the first quarter worth about $31,000.

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.