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 two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

ATNI has been the topic of several research analyst reports. Raymond James set a $22.00 price objective on ATN International in a research note on Thursday, March 6th. StockNews.com raised ATN International from a “hold” rating to a “buy” rating in a research note on Thursday, March 6th.

ATN International Stock Down 1.3 %

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

Hedge Funds Weigh In On ATN International

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. lifted its position in ATN International by 3.5% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 627,150 shares of the technology company’s stock worth $20,282,000 after acquiring an additional 21,347 shares in the last quarter. Gabelli Funds LLC acquired a new position in shares of ATN International in the 4th quarter valued at approximately $2,367,000. Bank of New York Mellon Corp raised its position in shares of 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 purchasing an additional 25,727 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of 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 purchasing an additional 62,999 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its position 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 valued at $1,097,000 after purchasing an additional 51,907 shares in the last quarter. 65.50% of the stock is 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.