Stock of The Day: Could ATN International Inc Gain Strenght? The Stock Reaches 52-Week Low

Stock of The Day: Could ATN International Inc Gain Strenght? The Stock Reaches 52 Week Low

The stock of ATN International Inc (NASDAQ:ATNI) is a huge mover today! The stock decreased 1.66% or $1.1 during the last trading session, hitting $65.04. About 103,532 shares traded hands or 21.43% up from the average. ATN International Inc (NASDAQ:ATNI) has declined 9.59% since February 29, 2016 and is downtrending. It has underperformed by 20.02% the S&P500.
The move comes after 6 months negative chart setup for the $1.04 billion company. It was reported on Oct, 1 by Barchart.com. We have $59.84 PT which if reached, will make NASDAQ:ATNI worth $83.20 million less.

Analysts await ATN International Inc (NASDAQ:ATNI) to report earnings on October, 26. They expect $0.35 earnings per share, down 14.63% or $0.06 from last year’s $0.41 per share. ATNI’s profit will be $5.60 million for 46.46 P/E if the $0.35 EPS becomes a reality. After $0.03 actual earnings per share reported by ATN International Inc for the previous quarter, Wall Street now forecasts 1,066.67% EPS growth.

According to Zacks Investment Research, “ATN International, Inc. invests, own and operate communications companies and renewable energy assets. The company through its operating subsidiaries provide wireless and wireline connectivity to residential and business customers including mobile wireless solutions, local exchange services and broadband internet services; distributed solar electric power to corporate, utility and municipal customers and owner and operator of terrestrial and submarine fiber optic transport systems primarily in the United States and the Caribbean. ATN International Inc., formerly known as Atlantic Tele-Network, Inc., is based in Beverly, United States.”

Insitutional Activity: The institutional sentiment decreased to 0 in 2016 Q2. Its down 1.33, from 1.33 in 2016Q1. The ratio turned negative, as 129 funds sold all ATN International Inc shares owned while 0 reduced positions. 0 funds bought stakes while 0 increased positions. They now own 26,161 shares or 99.71% less from 9.12 million shares in 2016Q1.
The California-based Gemmer Asset Mngmt Limited Company has invested 0% in ATN International Inc (NASDAQ:ATNI). Malaga Cove Capital Ltd has invested 1.53% of its portfolio in ATN International Inc (NASDAQ:ATNI). Moreover, Great West Life Assurance Can has 0% invested in ATN International Inc (NASDAQ:ATNI) for 1,700 shares.

Insider Transactions: Since April 15, 2016, the stock had 2 insider buys, and 7 selling transactions for $1.34 million net activity. PRIOR MICHAEL T had sold 850 shares worth $61,426 on Wednesday, April 20. Budd Martin L bought 353 shares worth $24,837. The insider BENINCASA JUSTIN D sold 5,500 shares worth $409,255. Shares for $97,128 were bought by Kreisher William F on Tuesday, August 9.

More important recent ATN International Inc (NASDAQ:ATNI) news were published by: Forbes.com which released: “Ex-Dividend Reminder: Western Digital, MercadoLibre and ATN International” on September 26, 2016, also Nasdaq.com published article titled: “ATN International, Inc. (ATNI) Ex-Dividend Date Scheduled for September 28, 2016”, Finance.Yahoo.com published: “Moving Average Crossover Alert: ATN International (ATNI)” on August 29, 2016. More interesting news about ATN International Inc (NASDAQ:ATNI) was released by: Seekingalpha.com and their article: “ATN International’s (ATNI) CEO Michael Prior on Q2 2016 Results – Earnings …” with publication date: July 31, 2016.

ATNI Company Profile

ATN International, Inc., formerly Atlantic Tele-Network, Inc., incorporated on August 4, 1989, is a holding company. The Company, through its subsidiaries, provides wireless and wireline telecommunications services in North America, Bermuda and the Caribbean; owns and operates commercial distributed generation solar power systems in the United States, and owns and operates terrestrial and submarine fiber optic transport systems in the United States and the Caribbean, respectively. The Firm operates in five divisions: U.S. Wireless, Island Wireless, U.S. Wireline, International Integrated Telephony and Renewable Energy.

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