TravelCenters of America (NASDAQ:TA) Stock Price Passes Above Two Hundred Day Moving Average of $8.94

TravelCenters of America LLC (NASDAQ:TA) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.94 and traded as high as $9.10. TravelCenters of America shares last traded at $9.07, with a volume of 1,587 shares traded.

Several research analysts have recently commented on TA shares. Zacks Investment Research raised TravelCenters of America from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 8th. ValuEngine downgraded TravelCenters of America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, CIBC reduced their price objective on TravelCenters of America from $10.00 to $9.50 in a report on Wednesday, October 23rd.

The firm has a fifty day simple moving average of $9.98 and a 200-day simple moving average of $9.00. The company has a current ratio of 0.89, a quick ratio of 0.44 and a debt-to-equity ratio of 4.15. The stock has a market cap of $73.01 million, a price-to-earnings ratio of -2.76 and a beta of 1.52.

TravelCenters of America (NASDAQ:TA) last posted its quarterly earnings data on Tuesday, November 5th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.29 by ($1.06). TravelCenters of America had a negative return on equity of 3.60% and a negative net margin of 0.26%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same period in the prior year, the company posted $0.04 EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year. On average, equities analysts predict that TravelCenters of America LLC will post -2.71 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Algert Global LLC bought a new stake in shares of TravelCenters of America during the 2nd quarter valued at $41,000. Cutter & CO Brokerage Inc. bought a new stake in shares of TravelCenters of America during the 2nd quarter valued at $43,000. Menta Capital LLC raised its position in shares of TravelCenters of America by 11.4% during the 2nd quarter. Menta Capital LLC now owns 22,460 shares of the specialty retailer’s stock valued at $81,000 after acquiring an additional 2,300 shares during the last quarter. Wealth & Pension Services Group Inc. raised its position in shares of TravelCenters of America by 120.0% during the 2nd quarter. Wealth & Pension Services Group Inc. now owns 28,841 shares of the specialty retailer’s stock valued at $104,000 after acquiring an additional 15,729 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of TravelCenters of America by 27.4% during the 2nd quarter. Wells Fargo & Company MN now owns 51,718 shares of the specialty retailer’s stock valued at $186,000 after acquiring an additional 11,117 shares during the last quarter. 35.06% of the stock is currently owned by hedge funds and other institutional investors.

TravelCenters of America Company Profile (NASDAQ:TA)

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

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