Atlantic International (NASDAQ:ATLN) Trading Down 2.8% – What’s Next?

Atlantic International Corp. (NASDAQ:ATLN) shares dropped 2.8% on Friday . The stock traded as low as $3.31 and last traded at $3.45. Approximately 47,432 shares were traded during trading, a decline of 80% from the average daily volume of 231,979 shares. The stock had previously closed at $3.55.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on ATLN shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlantic International in a research note on Wednesday, January 21st. LADENBURG THALM/SH SH upgraded Atlantic International to a “strong-buy” rating in a research report on Thursday, December 18th. 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 company. According to data from MarketBeat.com, Atlantic International has a consensus rating of “Hold”.

Atlantic International Stock Performance

The company has a market capitalization of $201.93 million, a PE ratio of -1.54 and a beta of 1.23. The stock’s fifty day simple moving average is $2.23 and its 200-day simple moving average is $2.74.

Atlantic International (NASDAQ:ATLN) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.20) EPS for the quarter. The firm had revenue of $110.13 million for the quarter.

Institutional Investors Weigh In On Atlantic International

Hedge funds and other institutional investors have recently made changes to their positions in the business. Strs Ohio acquired a new position in Atlantic International during the third quarter valued at approximately $106,000. New York State Common Retirement Fund purchased a new position in shares of Atlantic International in the 2nd quarter valued at $97,000. Finally, Geode Capital Management LLC raised its stake in shares of Atlantic International by 112.2% in the 2nd quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock valued at $498,000 after acquiring an additional 129,572 shares during the period.

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.