Atlantic International Corp. (NASDAQ:CIRC – Get Free Report) CEO Guus Paul Wilhelm Franke sold 579,902 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $0.42, for a total transaction of $243,558.84. Following the completion of the sale, the chief executive officer owned 11,567,385 shares of the company’s stock, valued at approximately $4,858,301.70. This represents a 4.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Guus Paul Wilhelm Franke also recently made the following trade(s):
- On Tuesday, October 13th, Guus Paul Wilhelm Franke sold 179,457 shares of Atlantic International stock. The stock was sold at an average price of $0.38, for a total value of $68,193.66.
- On Tuesday, September 15th, Guus Paul Wilhelm Franke sold 60,000 shares of Atlantic International stock. The stock was sold at an average price of $0.50, for a total value of $30,000.00.
Atlantic International Stock Performance
NASDAQ:CIRC traded up $0.00 on Thursday, reaching $0.23. The company’s stock had a trading volume of 102,125 shares, compared to its average volume of 4,233,994. Atlantic International Corp. has a 1-year low of $0.22 and a 1-year high of $4.56. The stock’s 50-day moving average price is $0.48. The stock has a market cap of $26.08 million, a price-to-earnings ratio of -0.11 and a beta of 0.75. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 1.09.
Atlantic International (NASDAQ:CIRC – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The company reported ($0.98) earnings per share for the quarter. The business had revenue of $319.81 million for the quarter.
Hedge Funds Weigh In On Atlantic International
A number of institutional investors and hedge funds have recently bought and sold shares of CIRC. State Street Corp bought a new stake in shares of Atlantic International during the second quarter worth about $145,000. HighTower Advisors LLC bought a new position in Atlantic International in the 2nd quarter valued at approximately $368,000. Bank of New York Mellon Corp bought a new position in Atlantic International in the 1st quarter valued at approximately $31,000. Finally, Strs Ohio raised its holdings in Atlantic International by 54.4% in the 1st quarter. Strs Ohio now owns 53,900 shares of the company’s stock valued at $163,000 after buying an additional 19,000 shares during the last quarter.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Atlantic International in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy”.
Check Out Our Latest Report on Atlantic International
Atlantic International Company Profile
Atlantic International Corp., through its subsidiaries, operates as a staffing company servicing the commercial, professional, finance, direct placement, and managed service provider verticals. The company specializes in permanent, temporary, and temporary-to-permanent placement services in various areas, including accounting and finance, administrative and clerical, hospitality, information technology, legal, light industrial, and medical fields. It also provides productivity consulting and workforce management solutions.
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