EQPT (NASDAQ:EQPT) Sets New 12-Month Low – Should You Sell?

EQPT (NASDAQ:EQPT) hit a new 52-week low during trading on Tuesday . The company traded as low as $19.29 and last traded at $19.31, with a volume of 2277813 shares trading hands. The stock had previously closed at $20.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on EQPT shares. Wells Fargo & Company decreased their price target on shares of EQPT from $41.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Wall Street Zen upgraded shares of EQPT from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Citizens Jmp started coverage on shares of EQPT in a report on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 price objective for the company. Zacks Research upgraded shares of EQPT to a “hold” rating in a research report on Wednesday, February 18th. Finally, Citigroup lowered their target price on shares of EQPT from $31.00 to $25.00 and set a “neutral” rating on the stock in a research note on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, EQPT presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.50.

EQPT Stock Up 1.9%

The stock’s 50 day simple moving average is $27.86.

EQPT (NASDAQ:EQPT) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion.

About EQPT

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.