ATN International (NASDAQ:ATNI) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

ATN International, Inc. (NASDAQ:ATNI)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.34 and traded as high as $28.10. ATN International shares last traded at $27.61, with a volume of 68,339 shares trading hands.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Weiss Ratings cut ATN International from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, March 17th. Wall Street Zen lowered ATN International from a “buy” rating to a “hold” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce”.

ATN International Price Performance

The firm has a market cap of $424.37 million, a P/E ratio of -19.86, a price-to-earnings-growth ratio of 4.49 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.99. The business has a 50-day moving average of $26.20 and a two-hundred day moving average of $21.34.

ATN International (NASDAQ:ATNI) last posted its earnings results on Thursday, March 5th. The technology company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%.The firm had revenue of $184.22 million during the quarter, compared to the consensus estimate of $183.60 million. On average, sell-side analysts anticipate that ATN International, Inc. will post -0.73 earnings per share for the current fiscal year.

ATN International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Tuesday, March 31st will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, March 31st. ATN International’s dividend payout ratio (DPR) is -79.14%.

Institutional Investors Weigh In On ATN International

A number of institutional investors have recently added to or reduced their stakes in ATNI. Strs Ohio acquired a new position in ATN International in the 1st quarter valued at approximately $138,000. Segall Bryant & Hamill LLC acquired a new position in shares of ATN International during the fourth quarter worth $448,000. Hillsdale Investment Management Inc. acquired a new position in shares of ATN International during the fourth quarter worth $479,000. Ameriprise Financial Inc. grew its stake in shares of 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 purchasing an additional 2,397 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company’s stock worth $777,000 after purchasing an additional 27,714 shares during the last quarter. 65.50% of the stock is owned by institutional investors.

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.