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

Shares of Atento S.A. (NYSE:ATTO – Get 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

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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.