Patriot National, Inc. Common S (NYSE:PN):
Patriot Technology Solutions Selected by Ashmere Insurance Company to Deploy PN InsuranceExpertâ¢.
The company is up since yesterday’s close of $6.47.
The stock last traded at $6.58 a tad under the 50 day moving average of $8.54 and which is a tad under the 200 day moving average of $8.36. The 50 day moving average went down $-1.96 or -22.93% and the 200 day average went down $-1.78 or -21.29%.
Patriot National, Inc. Common S’s P/E ratio is 11.63 and market capitalization is 173.64M. In the last earnings report the EPS was $0.57 and is estimated to be $0.86 for the current year with 26,389,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.26 with next year’s EPS anticipated to be $1.08.
Ratings analysts have issued ratings on the company recently. On May 16 the stock rating was downgraded from “Buy” to “Neutral” and a price target of $10.00 was set in a report from Compass Point. Equity analyst Compass Point both downgraded the stock and lowered the price target on May 16 changing the price objective from $20.00 to $10.00 and cutting the rating from “Buy” to “Neutral”.
SunTrust Robinson Humphrey lowered the price target and downgraded the stock on February 26 cutting the price target from $0.00 to $5.00 and moving the rating from “Buy” to “Neutral”. On February 26 the company was downgraded to “Neutral” from “Buy” with a current price target of $5.00 in a statement from SunTrust Robinson Humphrey.
On December 18 the company was downgraded from “Outperform” to “Market Perform” in a report issued by William Blair. On December 4 analysts at Compass Point released its first research report on the stock with an initial rating of “Buy” and projecting a price target of $20.00.