Analysts at StockNews.com assumed coverage on shares of Atento (NYSE:ATTO – Get Rating) in a note issued to investors on Monday. The firm set a “hold” rating on the business services provider’s stock.
Atento Trading Down 7.2 %
Shares of ATTO opened at $1.80 on Monday. The firm has a 50-day moving average price of $2.92 and a 200 day moving average price of $3.99. The firm has a market capitalization of $27.81 million, a P/E ratio of -0.20 and a beta of 1.77. Atento has a 12-month low of $1.70 and a 12-month high of $28.00.
Institutional Investors Weigh In On Atento
An institutional investor recently raised its position in Atento stock. Renaissance Technologies LLC raised its stake in Atento S.A. (NYSE:ATTO – Get Rating) by 12.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,612 shares of the business services provider’s stock after acquiring an additional 3,400 shares during the period. Renaissance Technologies LLC owned approximately 0.21% of Atento worth $316,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 48.01% of the company’s stock.
About Atento
Atento SA is engaged in the provision of customer relationship management business process outsourcing services and solutions. The firm offers front-end and back-end services ranging from sales, applications processing, customer care, and credit management. It operates through the following geographical segments: Europe, the Middle East and Africa (EMEA), America, and Brazil.
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