Atento (NYSE:ATTO) Stock Crosses Above 50-Day Moving Average of $2.34

Atento SA (NYSE:ATTO) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $2.34 and traded as high as $2.33. Atento shares last traded at $2.32, with a volume of 1,400 shares trading hands.

Several equities research analysts recently weighed in on the company. Barrington Research restated a “buy” rating and set a $8.00 price target on shares of Atento in a research report on Thursday, August 1st. Morgan Stanley lowered Atento from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $8.00 to $3.00 in a research report on Wednesday, June 5th. TheStreet lowered Atento from a “c” rating to a “d” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Atento presently has a consensus rating of “Hold” and a consensus target price of $5.88.

The company has a 50-day moving average of $2.34 and a two-hundred day moving average of $3.12. The company has a market capitalization of $162.60 million, a P/E ratio of 3.01, a price-to-earnings-growth ratio of 0.79 and a beta of 0.74. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 2.14.

Atento (NYSE:ATTO) last announced its quarterly earnings data on Tuesday, July 30th. The business services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.14). The company had revenue of $441.10 million for the quarter. Atento had a negative net margin of 2.03% and a positive return on equity of 9.19%. As a group, equities analysts expect that Atento SA will post 0.28 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. Russell Investments Group Ltd. raised its stake in Atento by 133.8% during the second quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after buying an additional 10,036 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in Atento during the second quarter valued at $64,000. Millennium Management LLC purchased a new position in Atento during the fourth quarter valued at $149,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Atento by 93.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 40,791 shares of the business services provider’s stock valued at $147,000 after buying an additional 19,714 shares during the last quarter. Finally, LPL Financial LLC purchased a new position in Atento during the second quarter valued at $125,000. Institutional investors and hedge funds own 83.70% of the company’s stock.

Atento Company Profile (NYSE:ATTO)

Atento SA, together with its subsidiaries, provides customer relationship management and business process outsourcing services and solutions in Brazil, the Americas, Europe, the Middle East, and Africa. It offers a range of front and back-end services, including sales, customer care, collections, back office, applications-processing, credit-management, and technical support services.

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