Patriot National, Inc. (NYSE:PN) last traded at $1.39 seeing a daily low of $1.36 and high of $1.49. The big move identifies the stock as one of the day’s most volatile.
It is one of the market’s biggest losers. It is currently trading at $1.39 which is well above $1.21, the 50 day moving average and quite a bit higher than the 200 day moving average of $1.21. The 50 day moving average moved up $0.18 and the 200 day average was up $0.18.
Patriot National, Inc. news headlines.
Investors are a little more bullish on shares of the company recently as inferred by the fall in short interest. The stock saw a fall in short interest of -9.36% between September 15, 2017 and September 29, 2017. Short shares decreased 186,601 over that timeframe. Days to cover increased 14.0 to 28.0 and the percentage of shorted shares is 0.06% as of September 29. As of the latest earnings report the EPS was $-0.03 and is estimated to be $0.10 for the current year with 31,312,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.01 with next year’s EPS projected to be $0.25.
Patriot National, Inc., launched on November 15, 2013, is an independent national provider of technology-enabled outsourcing solutions that help insurance carriers, employers and other clients mitigate risk and comply with complex regulations. It offers a range of end-to-end insurance related and specialty services. The Company principally offers approximately two types of services: front-end services, such as brokerage, underwriting and policyholder services, and back-end services, such as claims adjudication and administration. It also offers specialty services, including technology outsourcing and other information technology (IT) services, as well as employment pre-screening and background checks..