Atento (NYSE:ATTO) Stock Crosses Above Fifty Day Moving Average of $4.51

Shares of Atento S.A. (NYSE:ATTOGet Rating) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $4.51 and traded as high as $5.52. Atento shares last traded at $5.26, with a volume of 30,760 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Atento in a research report on Saturday. They set a “hold” rating for the company.

Atento Stock Performance

The stock has a market capitalization of $81.28 million, a PE ratio of -0.60 and a beta of 1.59. The company’s 50-day moving average price is $4.51 and its 200 day moving average price is $5.66.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of ATTO. Goldman Sachs Group Inc. increased its stake in Atento by 6.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 22,105 shares of the business services provider’s stock valued at $611,000 after purchasing an additional 1,398 shares in the last quarter. Littlejohn & Co. LLC increased its stake in Atento by 7.8% during the 2nd quarter. Littlejohn & Co. LLC now owns 303,348 shares of the business services provider’s stock valued at $3,030,000 after purchasing an additional 22,064 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Atento by 12.1% during the 2nd quarter. Renaissance Technologies LLC now owns 31,612 shares of the business services provider’s stock valued at $316,000 after purchasing an additional 3,400 shares in the last quarter. 48.01% of the stock is owned by hedge funds and other institutional investors.

Atento Company Profile

(Get Rating)

Atento SA, together with its subsidiaries, provides customer relationship management 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, technical support, collections, and back office.

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