Zacks Investment Research downgraded Patriot National Inc (NYSE:PN) to Strong Sell in a report released today.
- Updated: September 17, 2016
Zacks Investment Research has downgraded Patriot National Inc(NYSE:PN) to Strong Sell in a statement released on 8/18/2016.
Previously on 5/16/2016, Compass Point reported about Patriot National Inc(NYSE:PN) dropped the target price from $13.00 to $10.00 that indicated a possible upside of 0.28%.
Only yesterday Patriot National Inc (NYSE:PN) traded 1.95% lower at $8.78. PN’s 50-day average is $9.08 and its 200-day moving average is $7.94. The last stock price is up 13.67% relative to the two hundred day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time. 148,558 shares of PN traded, down from ann average volume of 201,123.
Recent Performance Chart:
With a market capitalization of $0.0, Patriot National Inc has a 52 week low of $3.56 and a 52 week high of $16.85 with a PE ratio of 16.
Also covering Patriot National Inc’s price target, a total of 4 brokers have issued a research note on PN. The average target is $10.25 with 0 rating the stock a strong buy, 0 rating the company a buy, 0 analysts rating the stock a hold, 0 rating the company to underperform, and finally 0 analystsrating the company as sell.
General Company Details For Patriot National Inc (NYSE:PN)
Patriot National, Inc. 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, and as well as employment pre-screening and background checks. The Company’s brokerage and policyholder services include general agency services and specialty underwriting and policyholder services provided to its insurance carrier clients. The Company’s claims administration services relate to the administration and resolution of workers’ compensation claims.
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