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

ATN International, Inc. (NASDAQ:ATNI)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $20.05 and traded as high as $30.39. ATN International shares last traded at $29.92, with a volume of 76,615 shares traded.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a report on Saturday, November 8th. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

ATN International Price Performance

The company has a market capitalization of $368.99 million, a price-to-earnings ratio of -17.40, a P/E/G ratio of 7.87 and a beta of 0.52. The company has a fifty day simple moving average of $24.97 and a two-hundred day simple moving average of $20.09. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.26.

ATN International (NASDAQ:ATNI) last announced its quarterly earnings data on Wednesday, March 4th. The technology company reported $0.03 EPS for the quarter, meeting analysts’ consensus estimates of $0.03. ATN International had a negative return on equity of 0.51% and a negative net margin of 2.05%.The business had revenue of $184.22 million during the quarter, compared to the consensus estimate of $183.60 million. As a group, research analysts anticipate that ATN International, Inc. will post -0.73 earnings per share for the current year.

ATN International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.10 annualized dividend and a dividend yield of 4.5%. ATN International’s dividend payout ratio (DPR) is currently -118.28%.

Institutional Trading of ATN International

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new position in ATN International in the first quarter valued at $138,000. Segall Bryant & Hamill LLC purchased a new position in shares of ATN International in the 4th quarter worth about $448,000. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International in the 4th quarter valued at about $479,000. Ameriprise Financial Inc. lifted 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 purchasing an additional 2,397 shares in the last quarter. Finally, Marshall Wace LLP grew 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 purchasing an additional 27,714 shares during the period. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

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.