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Atlantic International (NASDAQ:ATLN) Upgraded at LADENBURG THALM/SH SH

Atlantic International logo with Business Services background

Key Points

  • Atlantic International (NASDAQ:ATLN) was upgraded to a "strong-buy" rating by LADENBURG THALM/SH SH, indicating strong confidence in the stock's future performance.
  • Geode Capital Management LLC significantly increased its stake in Atlantic International by 112.2% in the second quarter, indicating a growing institutional interest in the company.
  • The stock is currently trading at $3.27, with a one-year price range between $1.45 and $7.97, reflecting significant volatility.
  • Five stocks to consider instead of Atlantic International.

Atlantic International (NASDAQ:ATLN - Get Free Report) was upgraded by investment analysts at LADENBURG THALM/SH SH to a "strong-buy" rating in a research report issued on Wednesday,Zacks.com reports.

Atlantic International Price Performance

NASDAQ ATLN opened at $3.27 on Wednesday. The business's fifty day moving average is $3.32 and its 200-day moving average is $3.15. The stock has a market capitalization of $190.89 million, a price-to-earnings ratio of -1.49 and a beta of 1.14. Atlantic International has a one year low of $1.45 and a one year high of $7.97.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Atlantic International stock. Geode Capital Management LLC lifted its stake in shares of Atlantic International Corp. (NASDAQ:ATLN - Free Report) by 112.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

About Atlantic International

(Get Free Report)

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.

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