Daseke (NASDAQ:DSKE) Trading 15.2% Higher

Daseke Inc (NASDAQ:DSKE) shares traded up 15.2% during mid-day trading on Tuesday . The stock traded as high as $3.07 and last traded at $3.03, 387,200 shares were traded during trading. An increase of 27% from the average session volume of 304,660 shares. The stock had previously closed at $2.63.

Several equities analysts recently issued reports on the company. ValuEngine upgraded Daseke from a “hold” rating to a “buy” rating in a research note on Friday, August 16th. Craig Hallum cut Daseke from a “buy” rating to a “hold” rating in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $7.50.

The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $175.67 million, a P/E ratio of 4.73 and a beta of 1.46. The business has a 50 day simple moving average of $2.79 and a 200-day simple moving average of $3.39.

Daseke (NASDAQ:DSKE) last posted its earnings results on Tuesday, November 12th. The company reported ($4.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.17) by ($4.08). The company had revenue of $450.40 million during the quarter, compared to the consensus estimate of $433.86 million. Daseke had a negative net margin of 1.87% and a positive return on equity of 0.39%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.01 earnings per share. Equities analysts forecast that Daseke Inc will post -0.68 EPS for the current fiscal year.

In related news, Director Ena Williams bought 22,000 shares of the business’s stock in a transaction on Friday, September 13th. The shares were bought at an average cost of $3.36 per share, for a total transaction of $73,920.00. Company insiders own 29.71% of the company’s stock.

A number of hedge funds have recently bought and sold shares of DSKE. Tower Research Capital LLC TRC raised its stake in shares of Daseke by 611.5% during the third quarter. Tower Research Capital LLC TRC now owns 13,269 shares of the company’s stock valued at $33,000 after purchasing an additional 11,404 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Daseke by 101.8% during the second quarter. Public Employees Retirement System of Ohio now owns 11,579 shares of the company’s stock valued at $42,000 after purchasing an additional 5,842 shares in the last quarter. Arcus Capital Partners LLC bought a new stake in shares of Daseke during the third quarter valued at about $51,000. Jane Street Group LLC bought a new stake in shares of Daseke during the second quarter valued at about $57,000. Finally, Alberta Investment Management Corp bought a new stake in shares of Daseke during the third quarter valued at about $79,000. Institutional investors own 28.29% of the company’s stock.

About Daseke (NASDAQ:DSKE)

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.

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