ATN International (NASDAQ:ATNI) Stock Price Crosses Above 200 Day Moving Average - Here's What Happened

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.04 and traded as high as $17.57. ATN International shares last traded at $17.29, with a volume of 70,611 shares.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded ATN International from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th.

ATN International Stock Performance

The company has a market capitalization of $285.76 million, a PE ratio of -8.14 and a beta of 0.66. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.16. The company has a 50 day moving average price of $15.68 and a 200 day moving average price of $17.06.

ATN International (NASDAQ:ATNI - Get Free Report) last released its earnings results on Wednesday, April 30th. The technology company reported ($0.57) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.47). The business had revenue of $179.29 million for the quarter, compared to analysts' expectations of $178.67 million. ATN International had a negative net margin of 4.03% and a positive return on equity of 1.27%. Equities analysts forecast that ATN International, Inc. will post -0.73 EPS for the current year.

ATN International Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 30th were paid a $0.275 dividend. This is a boost from ATN International's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. This represents a $1.10 annualized dividend and a dividend yield of 5.86%. ATN International's dividend payout ratio is presently -47.62%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its stake in shares of ATN International by 4,208.3% in the first quarter. Versant Capital Management Inc now owns 1,551 shares of the technology company's stock worth $32,000 after purchasing an additional 1,515 shares in the last quarter. Russell Investments Group Ltd. raised its position in ATN International by 357.2% in the first quarter. Russell Investments Group Ltd. now owns 4,229 shares of the technology company's stock worth $86,000 after acquiring an additional 3,304 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of ATN International during the 4th quarter valued at about $62,000. Strs Ohio acquired a new position in shares of ATN International in the 1st quarter worth approximately $138,000. Finally, Keeley Teton Advisors LLC raised its holdings in shares of ATN International by 36.4% in the 1st quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company's stock worth $649,000 after purchasing an additional 8,525 shares in the last quarter. 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.