Atlantic International (NASDAQ:ATLN) Stock Price Down 8.2% – Here’s Why

Atlantic International Corp. (NASDAQ:ATLN) shares dropped 8.2% during trading on Wednesday . The stock traded as low as $0.7703 and last traded at $0.7875. Approximately 327,055 shares changed hands during mid-day trading, an increase of 24% from the average daily volume of 263,790 shares. The stock had previously closed at $0.8582.

Analysts Set New Price Targets

ATLN has been the topic of several recent analyst reports. Weiss Ratings downgraded Atlantic International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Tuesday, May 19th. Wall Street Zen raised Atlantic International to a “sell” rating in a report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold”.

Atlantic International Stock Down 13.8%

The firm has a fifty day moving average price of $1.76 and a 200 day moving average price of $2.36.

Atlantic International (NASDAQ:ATLN) last posted its quarterly earnings data on Wednesday, April 15th. The company reported ($0.49) earnings per share (EPS) for the quarter. The business had revenue of $120.05 million during the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp lifted its holdings in Atlantic International by 9.4% during the 4th quarter. State Street Corp now owns 103,859 shares of the company’s stock worth $138,000 after buying an additional 8,959 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in Atlantic International during the 1st quarter worth $31,000. Strs Ohio lifted its holdings in Atlantic International by 54.4% during the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock worth $163,000 after buying an additional 19,000 shares in the last quarter. Deutsche Bank AG lifted its holdings in Atlantic International by 232.1% during the 4th quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock worth $68,000 after buying an additional 35,513 shares in the last quarter. Finally, New York State Common Retirement Fund acquired a new position in Atlantic International during the 2nd quarter worth $97,000.

Atlantic International Company Profile

Atlantic International (NASDAQ: ATLN) is a specialty finance real estate investment trust focused on providing flexible capital solutions to U.S.-based, growth-oriented businesses. Through its externally managed structure, the company targets a diversified portfolio of debt and equity investments in micro-, small- and mid-cap enterprises operating across technology, healthcare, consumer internet, business services and other high-growth sectors. Atlantic International seeks to deliver current income and potential capital appreciation by structuring customized financing arrangements tailored to the needs of underserved companies.

The company’s investment strategy emphasizes middle-market firms that demonstrate strong growth trajectories and scalable business models.