Patriot National Inc. (PN) Shares Up 4%
Patriot National Inc. (NYSE:PN) shot up 4% during trading on Friday . The stock traded as high as $9.05 and last traded at $9.03, with a volume of 66,798 shares changing hands. The stock had previously closed at $8.68.
Several equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Patriot National from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 18th. Compass Point downgraded shares of Patriot National from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $13.00 to $10.00 in a research report on Friday, May 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $10.00.
The company has a market capitalization of $239.88 million and a P/E ratio of 16.06. The stock has a 50 day moving average of $8.73 and a 200 day moving average of $7.74.
Patriot National (NYSE:PN) last posted its earnings results on Monday, August 15th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.21 by $0.10. The company had revenue of $56.50 million for the quarter, compared to analyst estimates of $64.76 million. On average, analysts expect 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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