Daseke (DSKE) Reaches New 52-Week Low at $7.07

Shares of Daseke Inc (NASDAQ:DSKE) hit a new 52-week low during trading on Friday . The company traded as low as $7.07 and last traded at $7.13, with a volume of 11472 shares trading hands. The stock had previously closed at $7.33.

Several analysts have recently issued reports on DSKE shares. BidaskClub upgraded shares of Daseke from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Cowen reiterated a “buy” rating and issued a $15.00 target price on shares of Daseke in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company’s stock. Daseke currently has a consensus rating of “Buy” and an average target price of $14.88.

The company has a current ratio of 2.19, a quick ratio of 2.19 and a debt-to-equity ratio of 1.43. The company has a market capitalization of $493.65 million, a PE ratio of -12.08 and a beta of 0.74.

Daseke (NASDAQ:DSKE) last posted its earnings results on Thursday, August 9th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.16. Daseke had a net margin of 4.32% and a return on equity of 1.78%. The firm had revenue of $376.90 million during the quarter, compared to analyst estimates of $356.01 million. During the same quarter in the prior year, the business posted ($0.15) EPS. The business’s revenue was up 91.0% compared to the same quarter last year. As a group, equities analysts expect that Daseke Inc will post 0.14 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of Daseke by 24.9% in the 2nd quarter. BlackRock Inc. now owns 2,788,912 shares of the company’s stock worth $27,693,000 after buying an additional 555,467 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Daseke by 3,891.3% in the 2nd quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock worth $6,008,000 after buying an additional 589,838 shares during the last quarter. Mutual of America Capital Management LLC boosted its holdings in shares of Daseke by 8.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 581,081 shares of the company’s stock worth $5,770,000 after buying an additional 46,543 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Daseke by 8,242.7% in the 2nd quarter. US Bancorp DE now owns 506,901 shares of the company’s stock worth $5,034,000 after buying an additional 500,825 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Daseke by 20.4% in the 2nd quarter. Northern Trust Corp now owns 471,155 shares of the company’s stock worth $4,678,000 after buying an additional 79,915 shares during the last quarter. Hedge funds and other institutional investors own 37.65% of the company’s stock.

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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