Guus Paul Wilhelm Franke Sells 308,783 Shares of Atlantic International (NASDAQ:CIRC) Stock

Atlantic International Corp. (NASDAQ:CIRC) CEO Guus Paul Wilhelm Franke sold 308,783 shares of the stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $1.00, for a total value of $308,783.00. Following the sale, the chief executive officer owned 12,207,287 shares of the company’s stock, valued at approximately $12,207,287. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Atlantic International Price Performance

CIRC opened at $0.60 on Thursday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 1.09. Atlantic International Corp. has a 1 year low of $0.41 and a 1 year high of $5.25. The firm has a market cap of $49.02 million, a P/E ratio of -0.45 and a beta of 0.79.

Atlantic International (NASDAQ:CIRC) last issued its earnings results on Monday, June 22nd. The company reported ($0.44) earnings per share for the quarter. The business had revenue of $249.89 million during the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on Atlantic International in a report on Monday. They set a “sell (d-)” rating on the stock. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Atlantic International currently has a consensus rating of “Sell”.

About Atlantic International

Atlantic International Corp. is a specialty staffing and workforce solutions company that provides professional and administrative talent to clients across a range of industries. Through its operating businesses, the company focuses on connecting employers with qualified candidates for temporary, temp-to-perm, and permanent placement needs.

The company’s services are generally centered on staffing, recruitment, and workforce management support, helping organizations address labor shortages and staffing fluctuations.