Atlantic International (NASDAQ:CIRC) Announces Earnings Results

Atlantic International (NASDAQ:CIRC) released its quarterly earnings results on Wednesday. The company reported ($0.98) EPS for the quarter, FiscalAI reports. The firm had revenue of $319.81 million for the quarter.

Atlantic International Price Performance

CIRC opened at $0.60 on Friday. The firm has a market cap of $55.45 million, a PE ratio of -0.28 and a beta of 0.81. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09. Atlantic International has a 52-week low of $0.41 and a 52-week high of $5.20.

Analyst Ratings Changes

Separately, Weiss Ratings lowered Atlantic International from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, July 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold”.

Insider Buying and Selling

In other Atlantic International news, CEO Guus Paul Wilhelm Franke sold 308,783 shares of the company’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $1.00, for a total value of $308,783.00. Following the sale, the chief executive officer owned 12,207,287 shares in the company, valued at approximately $12,207,287. The trade was a 2.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 7.60% of the company’s stock.

Institutional Investors Weigh In On Atlantic International

Several large investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Atlantic International by 9.4% in the 4th quarter. State Street Corp now owns 103,859 shares of the company’s stock worth $138,000 after purchasing an additional 8,959 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in shares of Atlantic International in the 1st quarter worth about $31,000. Strs Ohio raised its holdings in shares of Atlantic International by 54.4% during the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after buying an additional 19,000 shares in the last quarter. Deutsche Bank AG lifted its position in Atlantic International by 232.1% in the 4th quarter. Deutsche Bank AG now owns 50,817 shares of the company’s stock worth $68,000 after buying an additional 35,513 shares during the last quarter. Finally, New York State Common Retirement Fund bought a new position in Atlantic International during the second quarter valued at approximately $97,000.

Atlantic International Company Profile

Atlantic International Corp. is a specialty staffing and workforce solutions company that provides professional and administrative talent to clients across a range of industries. Through its operating businesses, the company focuses on connecting employers with qualified candidates for temporary, temp-to-perm, and permanent placement needs.

The company’s services are generally centered on staffing, recruitment, and workforce management support, helping organizations address labor shortages and staffing fluctuations.