ATN International (NASDAQ:ATNI) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

ATN International, Inc. (NASDAQ:ATNI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $21.81 and traded as high as $22.90. ATN International shares last traded at $22.39, with a volume of 50,427 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on ATNI shares. Raymond James set a $22.00 price target on ATN International in a report on Thursday, March 6th. StockNews.com upgraded ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

ATN International Stock Performance

The stock has a market capitalization of $338.40 million, a P/E ratio of -8.23 and a beta of 0.60. The stock has a 50 day moving average of $17.43 and a 200 day moving average of $21.81. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.15 and a current ratio of 1.21.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Quantbot Technologies LP acquired a new position in ATN International during the 4th quarter worth $62,000. Public Employees Retirement System of Ohio boosted its position in ATN International by 43.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock worth $474,000 after acquiring an additional 4,457 shares during the period. Tudor Investment Corp ET AL boosted its position in ATN International by 51.2% during the 4th quarter. Tudor Investment Corp ET AL now owns 42,360 shares of the technology company’s stock worth $712,000 after acquiring an additional 14,344 shares during the period. Gamco Investors INC. ET AL boosted its position in ATN International by 389.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 65,250 shares of the technology company’s stock worth $1,097,000 after acquiring an additional 51,907 shares during the period. Finally, Segall Bryant & Hamill LLC acquired a new position in ATN International during the 3rd quarter worth $1,789,000. Institutional investors and hedge funds own 65.50% of the company’s stock.

About ATN International

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.