BidaskClub Downgrades Daseke (DSKE) to Sell
BidaskClub cut shares of Daseke (NASDAQ:DSKE) from a hold rating to a sell rating in a research report released on Tuesday.
DSKE has been the subject of a number of other reports. Cowen reiterated a buy rating and set a $13.00 price objective on shares of Daseke in a report on Friday, August 3rd. Buckingham Research increased their price objective on Daseke from $14.00 to $15.00 and gave the stock a buy rating in a report on Tuesday, June 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $14.88.
NASDAQ:DSKE opened at $8.23 on Tuesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.43. The stock has a market cap of $531.67 million, a P/E ratio of -13.72 and a beta of 0.67. Daseke has a 52-week low of $8.04 and a 52-week high of $14.52.
Hedge funds have recently bought and sold shares of the business. Bluefin Trading LLC bought a new position in Daseke in the first quarter valued at approximately $114,000. Millennium Management LLC bought a new position in Daseke in the first quarter valued at approximately $148,000. Cubist Systematic Strategies LLC bought a new position in Daseke in the first quarter valued at approximately $168,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Daseke in the second quarter valued at approximately $168,000. Finally, MetLife Investment Advisors LLC grew its stake in Daseke by 67.3% in the second quarter. MetLife Investment Advisors LLC now owns 19,836 shares of the company’s stock valued at $197,000 after purchasing an additional 7,978 shares in the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.
Daseke Company Profile
Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.
Recommended Story: Stock Symbol
Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.