ATN International (NASDAQ:ATNI) Share Price Passes Above 200-Day Moving Average - Here's What Happened

ATN International, Inc. (NASDAQ:ATNI - Get Free Report)'s share price 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 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 1.4%

The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.95. The business has a 50-day moving average price of $15.93 and a 200-day moving average price of $17.12. The firm has a market cap of $269.77 million, a P/E ratio of -7.67 and a beta of 0.66.

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

ATN International Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 7th. Investors of record on Monday, June 30th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $1.10 dividend on an annualized basis and a yield of 6.21%. 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%.

Institutional Investors Weigh In On ATN International

A number of institutional investors have recently added to or reduced their stakes in the stock. Gabelli Funds LLC bought a new stake in ATN International during the fourth quarter valued at about $2,367,000. Bank of New York Mellon Corp boosted its position in ATN International by 26.0% during the fourth quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company's stock valued at $2,099,000 after purchasing an additional 25,727 shares in the last quarter. Gamco Investors INC. ET AL boosted its position in ATN International by 389.0% during the fourth quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company's stock valued at $1,097,000 after purchasing an additional 51,907 shares in the last quarter. Tudor Investment Corp ET AL boosted its position in ATN International by 51.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company's stock valued at $712,000 after purchasing an additional 14,344 shares in the last quarter. Finally, Keeley Teton Advisors LLC boosted its position in 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 purchasing an additional 8,525 shares in the last quarter. Institutional investors 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.