Shares of Patriot National Inc. (NYSE:PN) dropped 1.3% during mid-day trading on Monday . The stock traded as low as $8.75 and last traded at $8.90, with a volume of 154,522 shares changing hands. The stock had previously closed at $9.02.

PN has been the subject of several recent research reports. Zacks Investment Research raised shares of Patriot National from a “sell” rating to a “hold” rating in a research report on Thursday, July 14th. Compass Point downgraded shares of Patriot National from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $13.00 to $10.00 in a research report on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $10.00.

The company has a market capitalization of $231.70 million and a price-to-earnings ratio of 15.51. The firm has a 50 day moving average price of $8.44 and a 200-day moving average price of $7.59.

Patriot National (NYSE:PN) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.10. The business earned $56.50 million during the quarter, compared to analysts’ expectations of $64.76 million. On average, analysts expect that Patriot National Inc. will post $0.91 EPS for the current fiscal year.

Patriot National, Inc is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration.

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