Atlantic International's (ATLN) "Sell (D-)" Rating Reaffirmed at Weiss Ratings

Key Points

• Atlantic International's stock has been reaffirmed with a "Sell (D-)" rating by Weiss Ratings, while several brokerages have recently given it ratings ranging from "Strong Buy" to "Hold."
• The stock traded down by 0.7% recently, hitting a price of $2.84, with a 50-day moving average of $3.62 and a market cap of approximately $165.79 million.
• New York State Common Retirement Fund recently purchased 47,900 shares of Atlantic International, valued at around $97,000, indicating increasing institutional interest in the company.

Atlantic International (NASDAQ:ATLN - Get Free Report)'s stock had its "sell (d-)" rating restated by investment analysts at Weiss Ratings in a report issued on Friday,Weiss Ratings reports.

Several other brokerages have also recently issued reports on ATLN. Zacks Research upgraded Atlantic International to a "hold" rating in a report on Friday, October 3rd. LADENBURG THALM/SH SH upgraded Atlantic International to a "strong-buy" rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlantic International has an average rating of "Hold".

Atlantic International Trading Down 0.7%

NASDAQ:ATLN traded down $0.02 during trading hours on Friday, hitting $2.84. The company had a trading volume of 13,029 shares, compared to its average volume of 51,422. The company has a 50-day moving average of $3.62 and a 200 day moving average of $2.97. The company has a market cap of $165.79 million, a P/E ratio of -1.29 and a beta of 1.14. Atlantic International has a 1 year low of $1.45 and a 1 year high of $7.97.

Hedge Funds Weigh In On Atlantic International

A hedge fund recently bought a new stake in Atlantic International stock. New York State Common Retirement Fund purchased a new position in shares of Atlantic International Corp. (NASDAQ:ATLN - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 47,900 shares of the company's stock, valued at approximately $97,000. New York State Common Retirement Fund owned 0.08% of Atlantic International at the end of the most recent quarter.

About Atlantic International

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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