Daseke (NASDAQ:DSKE) Stock Rating Lowered by Zacks Investment Research

Daseke (NASDAQ:DSKE) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

According to Zacks, “Daseke, Inc. operates as a transportation company. It provides fleet management, logistics, trucking and open deck transportation services. Daseke, Inc., formerly known as Hennessy Capital Acquisition Corp. II, is based in Addison, United States. “

Separately, ValuEngine lowered shares of Daseke from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.50.

DSKE traded up $0.11 on Tuesday, hitting $3.38. 171,100 shares of the company’s stock were exchanged, compared to its average volume of 116,811. The firm has a market cap of $210.89 million, a PE ratio of 5.28 and a beta of 1.52. Daseke has a twelve month low of $1.46 and a twelve month high of $5.65. The stock has a fifty day moving average of $3.13 and a two-hundred day moving average of $2.91. The company has a current ratio of 1.39, a quick ratio of 1.39 and a debt-to-equity ratio of 6.92.

Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($4.14) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($3.97). The business had revenue of $450.40 million for the quarter, compared to analyst estimates of $433.86 million. Daseke had a positive return on equity of 10.65% and a negative net margin of 17.35%. Daseke’s revenue was down 2.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. On average, analysts predict that Daseke will post 0.32 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio grew its position in Daseke by 101.8% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 11,579 shares of the company’s stock worth $42,000 after purchasing an additional 5,842 shares during the last quarter. Bluefin Trading LLC bought a new position in Daseke in the 3rd quarter worth about $33,000. Tower Research Capital LLC TRC grew its position in Daseke by 611.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 13,269 shares of the company’s stock worth $33,000 after purchasing an additional 11,404 shares during the last quarter. Jane Street Group LLC bought a new position in Daseke in the 2nd quarter worth about $57,000. Finally, Sunbelt Securities Inc. bought a new position in Daseke in the 3rd quarter worth about $49,000. Hedge funds and other institutional investors own 27.99% 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 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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