ATN International (NASDAQ:ATNI) Shares Pass Above 200-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.

Analysts Set New Price Targets

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

ATN International Stock Performance

The business has a 50 day simple moving average of $17.54 and a 200 day simple moving average of $21.81. The company has a quick ratio of 1.15, a current ratio of 1.21 and a debt-to-equity ratio of 0.95. The company has a market capitalization of $344.45 million, a PE ratio of -8.38 and a beta of 0.60.

ATN International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Monday, March 31st will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 4.21%. ATN International’s payout ratio is presently -45.28%.

Hedge Funds Weigh In On ATN International

Several large investors have recently made changes to their positions in the stock. Quantbot Technologies LP purchased a new stake in ATN International during the 4th quarter worth approximately $62,000. Public Employees Retirement System of Ohio boosted its holdings in shares of ATN International by 43.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 14,652 shares of the technology company’s stock valued at $474,000 after buying an additional 4,457 shares in the last quarter. Tudor Investment Corp ET AL boosted its stake 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 purchasing an additional 14,344 shares during the period. Gamco Investors INC. ET AL lifted its stake in shares of ATN International by 389.0% in 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 stake in shares of ATN International in the 3rd quarter worth $1,789,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

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.