Stock analysts at StockNews.com began coverage on shares of Atento (NYSE:ATTO – Get Rating) in a report released on Monday. The brokerage set a “hold” rating on the business services provider’s stock.
Atento Stock Performance
Shares of ATTO opened at $2.80 on Monday. The stock has a market cap of $43.26 million, a PE ratio of -0.32 and a beta of 1.75. The firm’s 50-day simple moving average is $1.62 and its two-hundred day simple moving average is $3.37. Atento has a fifty-two week low of $0.77 and a fifty-two week high of $13.99.
Hedge Funds Weigh In On Atento
A hedge fund recently raised its stake in Atento stock. Renaissance Technologies LLC increased its stake in Atento S.A. (NYSE:ATTO – Get Rating) by 12.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,612 shares of the business services provider’s stock after buying an additional 3,400 shares during the period. Renaissance Technologies LLC owned 0.21% of Atento worth $316,000 as of its most recent SEC filing. 48.01% of the stock is currently owned by institutional investors and hedge funds.
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.
Further Reading
- Get a free copy of the StockNews.com research report on Atento (ATTO)
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