Atlantic International (NASDAQ:ATLN) Shares Up 10% - What's Next?

Key Points

• Atlantic International Corp. (NASDAQ:ATLN) experienced a 10% increase in stock price, rising from $3.91 to $4.30 during Thursday's trading session.
• A recent investment by the New York State Common Retirement Fund involved purchasing 47,900 shares of Atlantic International, valued at approximately $97,000.
• The company primarily focuses on the design and manufacture of genetic analysis technologies, including RNA and DNA sequencing.

Shares of Atlantic International Corp. (NASDAQ:ATLN - Get Free Report) rose 10% during mid-day trading on Thursday . The company traded as high as $4.36 and last traded at $4.30. Approximately 52,243 shares were traded during trading, a decline of 52% from the average daily volume of 108,684 shares. The stock had previously closed at $3.91.

Atlantic International Price Performance

The stock has a market cap of $212.50 million, a PE ratio of -1.65 and a beta of 1.20. The stock has a 50-day simple moving average of $2.90 and a 200-day simple moving average of $3.21.

Institutional Trading of Atlantic International

An institutional investor recently raised its position in Atlantic International stock. Geode Capital Management LLC increased its holdings in shares of Atlantic International Corp. (NASDAQ:ATLN - Free Report) by 112.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 245,077 shares of the company's stock after purchasing an additional 129,572 shares during the period. Geode Capital Management LLC owned 0.40% of Atlantic International worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Atlantic International Company Profile

Atlantic International Corp. engages in the design, development, and manufacture of genetic analysis technologies. Its services include RNA sequencing and DNA sequencing. The company was founded by William C. St. Laurent and Daniel R. Jones in 2013 and is headquartered in Billercia, MA.