ATN International, Inc. (ATNI) CFO Sells $249,569.88 in Stock
ATN International, Inc. (NASDAQ:ATNI) CFO Justin D. Benincasa sold 4,179 shares of ATN International stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $59.72, for a total value of $249,569.88. Following the sale, the chief financial officer now directly owns 59,526 shares in the company, valued at $3,554,892.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of ATN International, Inc. (NASDAQ ATNI) traded down $0.22 on Friday, reaching $59.54. 86,518 shares of the company’s stock were exchanged, compared to its average volume of 75,925. The company has a market capitalization of $940.49, a PE ratio of 35.59 and a beta of 0.59. The company has a current ratio of 1.93, a quick ratio of 1.84 and a debt-to-equity ratio of 0.19. ATN International, Inc. has a 1 year low of $49.50 and a 1 year high of $87.82.
ATN International (NASDAQ:ATNI) last announced its quarterly earnings results on Monday, October 30th. The technology company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.18. The firm had revenue of $122.13 million during the quarter, compared to analysts’ expectations of $123.92 million. ATN International had a negative net margin of 1.93% and a positive return on equity of 3.34%. analysts expect that ATN International, Inc. will post -0.93 earnings per share for the current fiscal year.
A number of research firms recently weighed in on ATNI. TheStreet downgraded ATN International from a “c” rating to a “d+” rating in a research report on Tuesday, October 31st. Sidoti cut shares of ATN International from a “buy” rating to a “neutral” rating and cut their price target for the stock from $73.00 to $57.00 in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine upgraded shares of ATN International from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Five research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average price target of $57.00.
ATN International Company Profile
ATN International, Inc (ATN), formerly Atlantic Tele-Network, Inc, is a holding company. The Company’s segments include U.S. Telecom, International Telecom and Renewable Energy. In the United States, it provides wholesale wireless voice and data roaming services in rural markets to national, regional, local and selected international wireless carriers.
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