ADTRAN, Inc. (NASDAQ:ADTN) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $11.92 and last traded at $12.33, with a volume of 6023 shares. The stock had previously closed at $12.54.

ADTN has been the subject of a number of research analyst reports. ValuEngine lowered ADTRAN from a “buy” rating to a “hold” rating in a research note on Wednesday, October 17th. Bank of America raised ADTRAN from an “underperform” rating to a “neutral” rating in a research note on Thursday, September 13th. BidaskClub raised ADTRAN from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th. Needham & Company LLC decreased their target price on ADTRAN from $18.00 to $17.00 and set a “buy” rating for the company in a research report on Thursday, October 18th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised ADTRAN from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research report on Tuesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company’s stock. ADTRAN currently has a consensus rating of “Hold” and a consensus price target of $17.89.

The company has a debt-to-equity ratio of 0.06, a current ratio of 2.82 and a quick ratio of 1.96. The stock has a market cap of $597.53 million, a price-to-earnings ratio of 14.15 and a beta of 0.87.

ADTRAN (NASDAQ:ADTN) last issued its earnings results on Tuesday, October 16th. The communications equipment provider reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.17. The business had revenue of $140.34 million during the quarter, compared to analyst estimates of $146.00 million. ADTRAN had a negative return on equity of 2.20% and a negative net margin of 3.94%. During the same period in the previous year, the company posted $0.33 EPS. Equities analysts predict that ADTRAN, Inc. will post -0.32 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 14th. Shareholders of record on Wednesday, October 31st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Tuesday, October 30th. ADTRAN’s dividend payout ratio (DPR) is presently 40.45%.

A number of hedge funds and other institutional investors have recently modified their holdings of ADTN. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of ADTRAN in the 2nd quarter worth $151,000. Verition Fund Management LLC bought a new position in shares of ADTRAN in the 3rd quarter worth $195,000. Dynamic Technology Lab Private Ltd bought a new position in shares of ADTRAN in the 3rd quarter worth $196,000. Xact Kapitalforvaltning AB bought a new position in shares of ADTRAN in the 2nd quarter worth $168,000. Finally, SG Americas Securities LLC bought a new position in shares of ADTRAN in the 3rd quarter worth $224,000. 94.67% of the stock is owned by institutional investors and hedge funds.

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ADTRAN Company Profile (NASDAQ:ADTN)

ADTRAN, Inc provides networking and communications equipment worldwide. The company operates through two segments, Network Solutions and Services & Support. It offers access and aggregation solutions, including network management and subscriber services control and orchestration software within a SD-access architecture; SDN-controlled programmable network elements; fiber to the premises and fiber to the node (FTTN) multi-service access nodes (MSAN); fiber aggregation and FTTN MSAN; fiber to the distribution point optical network units; optical line terminals; optical networking edge aggregation; and IP digital subscriber line access multiplexers.

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