Daseke (DSKE) Trading Down 12.4%
Daseke Inc (NASDAQ:DSKE) shares traded down 12.4% during mid-day trading on Wednesday . The company traded as low as $3.51 and last traded at $3.54. 680,336 shares were traded during trading, an increase of 29% from the average session volume of 528,063 shares. The stock had previously closed at $4.04.
A number of research analysts have issued reports on the company. Cowen reissued a “buy” rating and set a $15.00 price objective on shares of Daseke in a report on Friday, August 10th. BidaskClub cut Daseke from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. Finally, Craig Hallum cut Daseke from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.88.
The firm has a market cap of $259.11 million, a PE ratio of -5.90 and a beta of 1.29. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.81 and a quick ratio of 1.81.
Several hedge funds and other institutional investors have recently modified their holdings of the business. Global Alpha Capital Management Ltd. raised its holdings in shares of Daseke by 164.5% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,019,600 shares of the company’s stock valued at $8,177,000 after buying an additional 634,100 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Daseke by 3,891.3% in the second quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock valued at $6,008,000 after buying an additional 589,838 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Daseke by 24.9% in the second quarter. BlackRock Inc. now owns 2,788,912 shares of the company’s stock valued at $27,693,000 after buying an additional 555,467 shares during the last quarter. US Bancorp DE raised its holdings in shares of Daseke by 8,242.7% in the second quarter. US Bancorp DE now owns 506,901 shares of the company’s stock valued at $5,034,000 after buying an additional 500,825 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Daseke by 649.0% in the second quarter. Boston Partners now owns 323,573 shares of the company’s stock valued at $3,213,000 after buying an additional 280,373 shares during the last quarter. 36.15% of the stock is owned by institutional investors.
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Daseke Company Profile (NASDAQ:DSKE)
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.
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