Atlantic International (NASDAQ:ATLN) Shares Down 1.6% – Time to Sell?

Atlantic International Corp. (NASDAQ:ATLN)’s share price traded down 1.6% during trading on Tuesday . The company traded as low as $0.87 and last traded at $0.8860. 18,762,900 shares traded hands during trading, a decline of 40% from the average session volume of 31,183,988 shares. The stock had previously closed at $0.9001.

Analyst Ratings Changes

Several research firms have recently commented on ATLN. Wall Street Zen upgraded shares of Atlantic International to a “sell” rating in a research note on Saturday, March 21st. Weiss Ratings upgraded shares of Atlantic International from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold”.

Atlantic International Stock Performance

The stock has a 50 day moving average of $1.09 and a two-hundred day moving average of $2.22. The stock has a market capitalization of $72.03 million, a PE ratio of -0.67 and a beta of 0.79. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.39 and a quick ratio of 0.39.

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

Hedge Funds Weigh In On Atlantic International

A number of large investors have recently made changes to their positions in ATLN. Bank of New York Mellon Corp acquired a new stake in shares of Atlantic International in the first quarter valued at about $31,000. Deutsche Bank AG boosted its holdings in Atlantic International by 232.1% during the fourth quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock worth $68,000 after buying an additional 35,513 shares in the last quarter. New York State Common Retirement Fund acquired a new position in Atlantic International during the second quarter worth about $97,000. State Street Corp grew its position in Atlantic International by 9.4% during the fourth quarter. State Street Corp now owns 103,859 shares of the company’s stock worth $138,000 after buying an additional 8,959 shares during the period. Finally, Strs Ohio increased its holdings in Atlantic International by 54.4% in the first quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after buying an additional 19,000 shares in the last quarter.

Atlantic International Company Profile

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.