Patriot National Inc. (PN) Stock Price Up 4.3%
Patriot National Inc. (NYSE:PN) shares rose 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. The stock had previously closed at $8.78.
PN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Patriot National from a “sell” rating to a “hold” rating in a report on Thursday, July 14th. Compass Point lowered shares of Patriot National from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $13.00 to $10.00 in a report on Friday, May 13th. One investment 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 stock has an average rating of “Hold” and a consensus target price of $10.00.
The company’s 50-day moving average is $8.44 and its 200-day moving average is $7.59. The firm has a market capitalization of $242.51 million and a price-to-earnings ratio of 16.24.
Patriot National (NYSE:PN) last posted its earnings results on Monday, August 15th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.10. The business had revenue of $56.50 million for the quarter, compared to analysts’ expectations of $64.76 million. On average, equities research analysts anticipate that Patriot National Inc. will post $0.91 earnings per share 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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