ATN International (NASDAQ:ATNI) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• ATN International shares crossed above their 200-day moving average, trading as high as $26.89 (200‑day MA = $22.24) and last at $26.69 on the reported session.
• Analyst sentiment has weakened—Wall Street Zen cut ATNI to Hold and Weiss Ratings to Sell, leaving an average rating of "Reduce".
• The company has weak fundamentals with negative EPS, a negative net margin and ROE and an expected -$0.73 EPS for the year, yet it pays a quarterly dividend that annualizes to $1.10 for a 4.1% yield.

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $22.24 and traded as high as $26.89. ATN International shares last traded at $26.69, with a volume of 77,352 shares trading hands.

Wall Street Analyst Weigh In

ATNI has been the topic of a number of research analyst reports. Wall Street Zen cut shares of ATN International from a "buy" rating to a "hold" rating in a research note on Saturday, March 21st. Weiss Ratings cut shares of ATN International from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, March 17th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, ATN International has an average rating of "Reduce".

ATN International Trading Down 0.7%

The firm's 50-day moving average price is $26.99 and its 200-day moving average price is $22.24. The company has a quick ratio of 1.19, a current ratio of 1.25 and a debt-to-equity ratio of 0.99. The company has a market cap of $410.17 million, a P/E ratio of -19.20, a price-to-earnings-growth ratio of 4.34 and a beta of 0.53.

ATN International (NASDAQ:ATNI - Get Free Report) last posted its quarterly earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. ATN International had a negative net margin of 2.05% and a negative return on equity of 0.52%. The company had revenue of $184.22 million for the quarter, compared to analyst estimates of $183.60 million. As a group, equities research analysts expect that ATN International, Inc. will post -0.73 earnings per share for the current fiscal year.

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Tuesday, March 31st were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.10 annualized dividend and a dividend yield of 4.1%. ATN International's payout ratio is -79.14%.

Institutional Trading of ATN International

Hedge funds and other institutional investors have recently modified their holdings of the business. Segall Bryant & Hamill LLC bought a new stake in shares of ATN International in the fourth quarter valued at approximately $448,000. Ameriprise Financial Inc. raised its position in shares of ATN International by 7.2% in the second quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company's stock valued at $583,000 after purchasing an additional 2,397 shares during the period. Gamco Investors INC. ET AL raised its position in shares of ATN International by 9.6% in the third quarter. Gamco Investors INC. ET AL now owns 76,936 shares of the technology company's stock valued at $1,152,000 after purchasing an additional 6,715 shares during the period. Brown Brothers Harriman & Co. raised its position in shares of ATN International by 5.6% in the third quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company's stock valued at $9,918,000 after purchasing an additional 35,394 shares during the period. Finally, Marshall Wace LLP raised its position in shares of ATN International by 137.9% in the second quarter. Marshall Wace LLP now owns 47,804 shares of the technology company's stock valued at $777,000 after purchasing an additional 27,714 shares during the period. Institutional investors own 65.50% of the company's stock.

About ATN International

ATN International, Inc NASDAQ: ATNI is a diversified provider of telecommunications services that operates through a combination of wireless, wireline and broadband networks. Headquartered in Beverly, Massachusetts, the company offers a range of voice and data solutions to residential, commercial and wholesale customers. Its core offerings include long-distance voice services, fixed-line telephony, broadband internet access and network infrastructure solutions.

Through its business segments, ATN delivers tailored communications products to underserved markets across the Caribbean, Latin America, parts of the Pacific and select rural regions of the United States.

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