Shares of Patriot National Inc. (NYSE:PN) traded up 4.3% on Tuesday . The stock traded as high as $9.30 and last traded at $9.16, with a volume of 146,540 shares changing hands. The stock had previously closed at $8.78.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Patriot National from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 18th. Compass Point downgraded Patriot National from a “buy” rating to a “neutral” rating and lowered their target price for the company from $13.00 to $10.00 in a research note on Friday, May 13th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $10.00.

The company has a 50-day moving average price of $8.50 and a 200-day moving average price of $7.62. The stock has a market capitalization of $238.29 million and a price-to-earnings ratio of 15.95.

Patriot National (NYSE:PN) last issued its earnings results on Monday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.10. The business had revenue of $56.50 million for the quarter, compared to the consensus estimate of $64.76 million. Analysts anticipate that Patriot National Inc. will post $0.84 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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