ATN International (NASDAQ:ATNI) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of ATN International, Inc. (NASDAQ:ATNI) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $27.47 and traded as high as $28.22. ATN International shares last traded at $28.04, with a volume of 70,763 shares traded.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings upgraded ATN International from a “hold (c-)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. Zacks Research upgraded ATN International from a “strong sell” rating to a “hold” rating in a research report on Monday, August 10th. Finally, Wall Street Zen lowered ATN International from a “strong-buy” rating to a “buy” rating in a report on Sunday, September 20th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company has an average rating of “Hold”.

ATN International Stock Performance

The company has a quick ratio of 1.59, a current ratio of 1.63 and a debt-to-equity ratio of 0.68. The firm has a 50-day moving average price of $29.23 and a two-hundred day moving average price of $27.47. The firm has a market cap of $429.81 million, a PE ratio of 2.71, a P/E/G ratio of 3.59 and a beta of 0.63.

ATN International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Shareholders of record on Saturday, October 3rd will be issued a $0.29 dividend. The ex-dividend date is Friday, October 2nd. This represents a $1.16 dividend on an annualized basis and a yield of 4.2%. ATN International’s dividend payout ratio (DPR) is presently 11.28%.

Insider Buying and Selling at ATN International

In other ATN International news, Director Patricia Jacobs sold 1,500 shares of ATN International stock in a transaction on Monday, August 31st. The shares were sold at an average price of $30.04, for a total transaction of $45,060.00. Following the sale, the director owned 19,958 shares of the company’s stock, valued at $599,538.32. The trade was a 6.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Cornelius Prior, Jr. sold 10,000 shares of the company’s stock in a transaction on Monday, August 24th. The stock was sold at an average price of $31.34, for a total transaction of $313,400.00. Following the sale, the insider directly owned 37,165 shares of the company’s stock, valued at $1,164,751.10. The trade was a 21.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 56,638 shares of company stock worth $1,778,513. 5.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On ATN International

Institutional investors and hedge funds have recently bought and sold shares of the business. Legal & General Group Plc purchased a new position in ATN International in the 2nd quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new stake in shares of ATN International in the second quarter valued at approximately $217,000. Canada Pension Plan Investment Board acquired a new stake in shares of ATN International in the second quarter valued at approximately $220,000. Deutsche Bank AG purchased a new position in ATN International during the second quarter worth approximately $262,000. Finally, Algert Global LLC acquired a new position in ATN International during the second quarter worth $275,000. 65.50% of the stock is currently owned by institutional investors and hedge funds.

About ATN International

ATN International, Inc is a telecommunications company that provides wireless and wireline communications services in rural and underserved markets. Its offerings include mobile and fixed wireless connectivity, broadband internet, voice services, fiber and enterprise connectivity, managed information technology services, wholesale telecommunications, and related infrastructure services.

The company serves customers in selected markets across the United States and the Caribbean. Its operations have included telecommunications networks and broadband services in Alaska and other rural U.S.