Atento SA (NYSE:ATTO) shares were up 5.6% during mid-day trading on Tuesday . The stock traded as high as $2.29 and last traded at $2.27, approximately 169,022 shares traded hands during mid-day trading. An increase of 3% from the average daily volume of 164,638 shares. The stock had previously closed at $2.15.
Several analysts recently issued reports on ATTO shares. Zacks Investment Research upgraded Atento from a “sell” rating to a “hold” rating in a research note on Tuesday, August 6th. TheStreet downgraded Atento from a “c” rating to a “d” rating in a research note on Friday, July 19th. Morgan Stanley downgraded Atento from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $8.00 to $3.00 in a research note on Wednesday, June 5th. ValuEngine downgraded Atento from a “sell” rating to a “strong sell” rating in a research note on Thursday, April 18th. Finally, Barrington Research restated a “buy” rating and issued a $8.00 price target on shares of Atento in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $5.88.
The firm’s 50-day simple moving average is $2.37. The company has a market cap of $162.60 million, a PE ratio of 2.95, a P/E/G ratio of 0.79 and a beta of 0.74. The company has a debt-to-equity ratio of 2.14, a current ratio of 1.46 and a quick ratio of 1.46.
Several large investors have recently added to or reduced their stakes in ATTO. Russell Investments Group Ltd. lifted its position in shares of Atento by 133.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 17,536 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 10,036 shares during the period. Tower Research Capital LLC TRC bought a new stake in shares of Atento during the 2nd quarter valued at $64,000. LPL Financial LLC bought a new stake in shares of Atento during the 2nd quarter valued at $125,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Atento by 93.5% during the 1st 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 acquiring an additional 19,714 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Atento during the 4th quarter valued at $149,000. Hedge funds and other institutional investors own 84.49% 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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