ATN International (NASDAQ:ATNI) Stock Passes Above 200 Day Moving Average of $26.69

Shares of ATN International, Inc. (NASDAQ:ATNI) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $26.69 and traded as high as $27.29. ATN International shares last traded at $26.72, with a volume of 39,625 shares changing hands.

Analysts Set New Price Targets

ATNI has been the subject of a number of recent research reports. BWS Financial restated a “buy” rating and set a $30.00 price target on shares of ATN International in a research note on Friday, July 26th. StockNews.com cut shares of ATN International from a “buy” rating to a “hold” rating in a report on Friday, August 2nd.

ATN International Stock Down 0.4 %

The company has a quick ratio of 1.00, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $24.16 and a 200-day simple moving average of $26.69. The firm has a market cap of $409.27 million, a P/E ratio of -20.55, a price-to-earnings-growth ratio of 31.66 and a beta of 0.56.

ATN International (NASDAQ:ATNI) last posted its quarterly earnings data on Wednesday, July 24th. The technology company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.76. ATN International had a positive return on equity of 0.12% and a negative net margin of 0.89%. The firm had revenue of $183.28 million for the quarter, compared to analysts’ expectations of $182.39 million. During the same period in the previous year, the firm earned ($0.03) EPS. On average, equities analysts anticipate that ATN International, Inc. will post 0.09 earnings per share for the current year.

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Sunday, June 30th were given a dividend of $0.24 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.96 annualized dividend and a dividend yield of 3.59%. ATN International’s payout ratio is -73.85%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ATNI. Innealta Capital LLC purchased a new position in shares of ATN International in the second quarter valued at about $26,000. GAMMA Investing LLC purchased a new stake in shares of ATN International during the fourth quarter worth about $44,000. BNP Paribas Financial Markets raised its stake in ATN International by 52.6% during the 1st quarter. BNP Paribas Financial Markets now owns 5,708 shares of the technology company’s stock valued at $180,000 after purchasing an additional 1,968 shares during the period. Gabelli Funds LLC purchased a new position in ATN International in the 2nd quarter worth approximately $206,000. Finally, Keeley Teton Advisors LLC boosted its stake in ATN International by 27.6% in the 4th quarter. Keeley Teton Advisors LLC now owns 19,266 shares of the technology company’s stock worth $751,000 after purchasing an additional 4,163 shares during the period. Institutional investors own 65.50% of the company’s stock.

About ATN International

ATN International, Inc, through its subsidiaries, engages in the provision of digital infrastructure and communications services to residential, business, and government customers in the United States and internationally. The company operates through International Telecom and US Telecom segments. The company offers mobile, data, voice, broadband, and fixed services; handsets and accessories; and wholesale roaming, long distance voice services, and site maintenance services.