ATN International (NASDAQ:ATNI) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

ATN International, Inc. (NASDAQ:ATNI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.27 and traded as high as $26.53. ATN International shares last traded at $26.31, with a volume of 59,155 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ATNI. Wall Street Zen cut ATN International from a “buy” rating to a “hold” rating in a report on Saturday, March 21st. Weiss Ratings upgraded ATN International from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

ATN International Price Performance

The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.16 and a current ratio of 1.21. The stock has a market cap of $404.65 million, a PE ratio of -26.58, a PEG ratio of 3.48 and a beta of 0.54. The stock’s 50-day moving average is $27.28 and its two-hundred day moving average is $25.27.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data 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 company had revenue of $182.22 million for the quarter, compared to analysts’ expectations of $183.40 million. ATN International had a positive return on equity of 0.55% and a negative net margin of 1.20%. On average, equities analysts predict that ATN International, Inc. will post 0.74 earnings per share for the current year.

ATN International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Tuesday, March 31st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Tuesday, March 31st. ATN International’s dividend payout ratio (DPR) is -111.11%.

Hedge Funds Weigh In On ATN International

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Segall Bryant & Hamill LLC boosted its holdings in ATN International by 49.3% during the 1st quarter. Segall Bryant & Hamill LLC now owns 29,341 shares of the technology company’s stock valued at $799,000 after acquiring an additional 9,684 shares during the period. Bank of New York Mellon Corp boosted its holdings in ATN International by 0.9% during the 1st quarter. Bank of New York Mellon Corp now owns 122,634 shares of the technology company’s stock valued at $3,338,000 after acquiring an additional 1,132 shares during the period. Hillsdale Investment Management Inc. purchased a new position in ATN International during the 4th quarter valued at about $479,000. Brown Brothers Harriman & Co. boosted its holdings in ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company’s stock valued at $9,918,000 after acquiring an additional 35,394 shares during the period. Finally, Gamco Investors INC. ET AL boosted its holdings in ATN International by 9.6% during the 3rd quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 6,715 shares during the period. 65.50% of the stock is currently owned by hedge funds and other 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.