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.
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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