ATN International (NASDAQ:ATNI) Stock Price Crosses Above 200-Day Moving Average - Should You Sell?

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) passed 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.

Analysts Set New Price Targets

Separately, Wall Street Zen raised shares of ATN International from a "hold" rating to a "buy" rating in a research note on Tuesday, May 13th.

ATN International Trading Up 1.5%

The firm's fifty day moving average is $15.66 and its two-hundred day moving average is $17.05. The company has a quick ratio of 1.11, a current ratio of 1.16 and a debt-to-equity ratio of 0.95. The firm has a market cap of $282.79 million, a P/E ratio of -8.04 and a beta of 0.66.

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

ATN International Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 30th were paid a dividend of $0.275 per share. This is a positive change from ATN International's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.92%. ATN International's payout ratio is presently -47.62%.

Institutional Investors Weigh In On ATN International

A number of large investors have recently modified their holdings of the stock. Versant Capital Management Inc boosted its stake in ATN International by 4,208.3% during the first quarter. Versant Capital Management Inc now owns 1,551 shares of the technology company's stock worth $32,000 after acquiring an additional 1,515 shares in the last quarter. Quantbot Technologies LP bought a new stake in ATN International during the fourth quarter worth about $62,000. Russell Investments Group Ltd. boosted its stake in ATN International by 357.2% during 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. Strs Ohio bought a new stake in ATN International during the first quarter worth about $138,000. Finally, GAMMA Investing LLC boosted its stake in ATN International by 1,865.2% during the first quarter. GAMMA Investing LLC now owns 23,661 shares of the technology company's stock worth $481,000 after acquiring an additional 22,457 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.