Atlantic International (NASDAQ:ATLN) Releases Quarterly Earnings Results

Atlantic International (NASDAQ:ATLN) released its quarterly earnings data on Friday. The company reported ($0.20) earnings per share (EPS) for the quarter, FiscalAI reports. Atlantic International had a negative return on equity of 3,234.95% and a negative net margin of 21.93%.The business had revenue of $110.13 million during the quarter.

Atlantic International Trading Down 4.6%

ATLN stock traded down $0.12 during trading on Friday, reaching $2.49. 13,090 shares of the company’s stock were exchanged, compared to its average volume of 14,838. Atlantic International has a 1-year low of $1.45 and a 1-year high of $7.97. The company’s fifty day moving average price is $3.17 and its 200-day moving average price is $2.82.

Institutional Investors Weigh In On Atlantic International

A number of hedge funds and other institutional investors have recently modified their holdings of ATLN. Strs Ohio bought a new position in Atlantic International in the 3rd quarter valued at about $106,000. New York State Common Retirement Fund acquired a new stake in shares of Atlantic International in the 2nd quarter worth approximately $97,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Atlantic International by 112.2% in the second quarter. Geode Capital Management LLC now owns 245,077 shares of the company’s stock valued at $498,000 after acquiring an additional 129,572 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms have weighed in on ATLN. Zacks Research raised shares of Atlantic International to a “hold” rating in a research report on Friday, October 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Atlantic International in a research report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH raised Atlantic International to a “strong-buy” rating in a report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Atlantic International presently has a consensus rating of “Hold”.

About Atlantic International

Atlantic International Corp. engages in the design, development, and manufacture of genetic analysis technologies. Its services include RNA sequencing and DNA sequencing. The company was founded by William C. St. Laurent and Daniel R. Jones in 2013 and is headquartered in Billercia, MA.