ATN International (NASDAQ:ATNI) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

ATN International, Inc. (NASDAQ:ATNI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.26 and traded as high as $27.10. ATN International shares last traded at $26.98, with a volume of 57,285 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on ATNI shares. Wall Street Zen lowered shares of ATN International from a “buy” rating to a “hold” rating in a research report on Saturday, March 21st. Weiss Ratings upgraded shares of ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, ATN International has a consensus rating of “Hold”.

ATN International Stock Up 0.8%

The stock has a market capitalization of $419.11 million, a price-to-earnings ratio of -27.52, a price-to-earnings-growth ratio of 6.14 and a beta of 0.54. The business’s 50-day moving average is $27.05 and its two-hundred day moving average is $24.43. The company has a quick ratio of 1.16, a current ratio of 1.21 and a debt-to-equity ratio of 1.01.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings results on Thursday, May 7th. The technology company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.30). The business had revenue of $182.22 million for the quarter, compared to analyst estimates of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. Equities analysts anticipate that ATN International, Inc. will post 0.44 EPS for the current year.

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. ATN International’s payout ratio is presently -111.11%.

Hedge Funds Weigh In On ATN International

Several institutional investors and hedge funds have recently bought and sold shares of ATNI. Brown Brothers Harriman & Co. boosted its holdings in ATN International by 5.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after purchasing an additional 35,394 shares during the last quarter. Marshall Wace LLP boosted its holdings in ATN International by 137.9% in the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock valued at $777,000 after purchasing an additional 27,714 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in ATN International in the 4th quarter valued at about $479,000. Segall Bryant & Hamill LLC acquired a new position in ATN International in the 4th quarter valued at about $448,000. Finally, Gamco Investors INC. ET AL boosted its holdings in ATN International by 17.1% in the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company’s stock valued at $1,141,000 after purchasing an additional 10,253 shares during the last quarter. 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.