ATN International (NASDAQ:ATNI) Share Price Crosses Above 200 Day Moving Average - What's Next?

ATN International, Inc. (NASDAQ:ATNI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $17.21 and traded as high as $17.89. ATN International shares last traded at $17.87, with a volume of 20,717 shares changing hands.

Analysts Set New Price Targets

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

ATN International Stock Down 2.0%

The company's fifty day moving average price is $16.55 and its 200-day moving average price is $17.22. The stock has a market capitalization of $255.92 million, a PE ratio of -7.28 and a beta of 0.66. The company has a quick ratio of 1.11, a current ratio of 1.16 and a debt-to-equity ratio of 0.95.

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

ATN International Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Monday, June 30th. This is an increase from ATN International's previous quarterly dividend of $0.24. ATN International's dividend payout ratio (DPR) is presently -47.62%.

Hedge Funds Weigh In On ATN International

Hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in ATN International by 4,208.3% in the 1st 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 during the last quarter. Russell Investments Group Ltd. raised its holdings in ATN International by 357.2% in the 1st 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 during the last quarter. Strs Ohio purchased a new position in ATN International in the 1st quarter worth approximately $138,000. GAMMA Investing LLC raised its holdings in ATN International by 1,865.2% in the 1st 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 during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in ATN International in the 1st quarter worth approximately $632,000. 65.50% of the stock is currently owned by hedge funds and other institutional investors.

ATN International Company Profile

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.