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

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 $21.81 and traded as high as $22.90. ATN International shares last traded at $22.39, with a volume of 50,427 shares traded.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. 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 Price Performance

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 business has a 50-day moving average price of $17.69 and a two-hundred day moving average price of $21.75. The company has a market capitalization of $352.81 million, a price-to-earnings ratio of -8.38 and a beta of 0.60.

ATN International Dividend Announcement

The business 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 $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 4.21%. ATN International's payout ratio is currently -45.28%.

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Institutional Investors Weigh In On ATN International

A number of institutional investors and hedge funds have recently bought and sold shares of ATNI. Gabelli Funds LLC purchased a new stake in ATN International in the 4th quarter valued at $2,367,000. BNP Paribas Financial Markets raised its position in ATN International by 758.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 71,307 shares of the technology company's stock valued at $2,306,000 after buying an additional 62,999 shares during the last quarter. Segall Bryant & Hamill LLC purchased a new stake in ATN International in the 3rd quarter valued at $1,789,000. Gamco Investors INC. ET AL raised its position in 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 valued at $1,097,000 after buying an additional 51,907 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in ATN International by 26.0% in the 4th quarter. Bank of New York Mellon Corp now owns 124,865 shares of the technology company's stock valued at $2,099,000 after buying an additional 25,727 shares during the last quarter. 65.50% of the stock is owned by hedge funds and other institutional investors.

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.