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

Key Points

• ATN shares recently crossed above their 200-day moving average, trading as high as $28.60 and last at $27.27 versus a 200‑day MA of $23.19.
• Analyst sentiment has turned cautious — Wall Street Zen cut to Hold and Weiss Ratings to Sell, leaving a MarketBeat consensus rating of "Reduce".
• The stock pays a $0.275 quarterly dividend (about a 4.0% yield), but the company posts negative profitability (negative P/E, -2.05% net margin, negative ROE) and a -79.14% payout ratio, casting doubt on dividend sustainability.

ATN International, Inc. (NASDAQ:ATNI - Get Free Report)'s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.19 and traded as high as $28.60. ATN International shares last traded at $27.27, with a volume of 52,170 shares.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ATNI. Wall Street Zen downgraded ATN International from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Weiss Ratings downgraded 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's stock. According to data from MarketBeat, the stock has a consensus rating of "Reduce".

ATN International Trading Down 4.7%

The company has a current ratio of 1.25, a quick ratio of 1.19 and a debt-to-equity ratio of 0.99. The stock has a market cap of $419.14 million, a P/E ratio of -19.62, a PEG ratio of 4.55 and a beta of 0.53. The firm's 50-day simple moving average is $27.22 and its 200 day simple moving average is $23.19.

ATN International (NASDAQ:ATNI - Get Free Report) last released its quarterly earnings results on Thursday, March 5th. The technology company reported $0.03 earnings per share for the quarter, meeting analysts' consensus estimates of $0.03. The company had revenue of $184.22 million for the quarter, compared to analysts' expectations of $183.60 million. ATN International had a negative return on equity of 0.52% and a negative net margin of 2.05%. As a group, equities research analysts anticipate that ATN International, Inc. will post 0.62 earnings per share for the current year.

ATN International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.10 annualized dividend and a yield of 4.0%. ATN International's payout ratio is presently -79.14%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio bought a new stake in shares of ATN International during the first quarter valued at about $138,000. Marshall Wace LLP increased its stake in ATN International by 137.9% during the 2nd quarter. Marshall Wace LLP now owns 47,804 shares of the technology company's stock valued at $777,000 after buying an additional 27,714 shares during the period. Gamco Investors INC. ET AL increased its stake in ATN International by 17.1% during the 2nd quarter. Gamco Investors INC. ET AL now owns 70,221 shares of the technology company's stock valued at $1,141,000 after buying an additional 10,253 shares during the period. Ameriprise Financial Inc. raised its position in shares of ATN International by 7.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 35,886 shares of the technology company's stock worth $583,000 after buying an additional 2,397 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its position in shares of ATN International by 5.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 662,544 shares of the technology company's stock worth $9,918,000 after buying an additional 35,394 shares in the last quarter. 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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