ATN International (NASDAQ:ATNI) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

ATN International, Inc. (NASDAQ:ATNI) shares 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.

Analyst Ratings Changes

ATNI has been the topic of a number of analyst reports. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Wall Street Zen upgraded shares of ATN International from a “hold” rating to a “buy” rating in a research report on Saturday, November 8th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, ATN International currently has an average rating of “Hold” and a consensus price target of $22.00.

ATN International Stock Up 2.1%

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.21 and a current ratio of 1.26. The business has a 50 day simple moving average of $24.92 and a 200-day simple moving average of $20.05. The firm has a market capitalization of $456.58 million, a price-to-earnings ratio of -32.17, a P/E/G ratio of 7.71 and a beta of 0.52.

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Investors of record on Wednesday, December 31st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, December 31st. ATN International’s dividend payout ratio (DPR) is presently -118.28%.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of ATN International in the 1st quarter valued at approximately $138,000. Segall Bryant & Hamill LLC acquired a new position in ATN International in the fourth quarter valued at approximately $448,000. Hillsdale Investment Management Inc. purchased a new position in ATN International in the fourth quarter worth approximately $479,000. Ameriprise Financial Inc. grew its position in ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company’s stock worth $583,000 after acquiring an additional 2,397 shares during the period. Finally, Marshall Wace LLP increased its stake in ATN International by 137.9% during the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after acquiring an additional 27,714 shares during the last quarter. 65.50% of the stock is currently owned by institutional investors and hedge funds.

ATN International Company Profile

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.