ATN International (NASDAQ:ATNI) Share Price Crosses Above 200 Day Moving Average - Here's Why

ATN International, Inc. (NASDAQ:ATNI - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.10 and traded as high as $18.25. ATN International shares last traded at $17.82, with a volume of 78,869 shares traded.

Analysts Set New Price Targets

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

ATN International Stock Down 2.1%

The firm has a market capitalization of $267.72 million, a P/E ratio of -7.61 and a beta of 0.66. The firm's 50-day moving average is $15.97 and its 200 day moving average is $17.12. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.11 and a current ratio of 1.16.

ATN International (NASDAQ:ATNI - Get Free Report) last issued its quarterly 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 during the quarter, compared to analyst estimates of $178.67 million. As a group, equities research analysts predict that ATN International, Inc. will post -0.73 EPS for the current fiscal year.

ATN International Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 30th were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.25%. This is a boost from ATN International's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. ATN International's dividend payout ratio is presently -47.62%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of ATNI. Strs Ohio bought a new stake in shares of ATN International during the 1st quarter worth approximately $138,000. Keeley Teton Advisors LLC raised its stake in shares of ATN International by 36.4% during the first quarter. Keeley Teton Advisors LLC now owns 31,954 shares of the technology company's stock valued at $649,000 after acquiring an additional 8,525 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of 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 buying an additional 3,304 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in shares of ATN International during the first quarter worth $632,000. Finally, GAMMA Investing LLC increased its position in shares of 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 buying an additional 22,457 shares during the period. Institutional investors and hedge funds own 65.50% of the company's stock.

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.