Daseke (NASDAQ:DSKE) Shares Up 5.5%

Daseke, Inc. (NASDAQ:DSKEGet Rating)’s stock price shot up 5.5% during trading on Friday . The stock traded as high as $8.42 and last traded at $8.42. 9,788 shares were traded during trading, a decline of 98% from the average session volume of 434,728 shares. The stock had previously closed at $7.98.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised shares of Daseke from a “hold” rating to a “buy” rating and set a $10.00 price objective on the stock in a research note on Thursday.

Daseke Trading Up 5.0 %

The firm has a market capitalization of $531.74 million, a PE ratio of 7.91 and a beta of 1.88. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 3.88. The stock’s fifty day simple moving average is $6.91 and its 200 day simple moving average is $8.84.

Daseke (NASDAQ:DSKEGet Rating) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The business had revenue of $421.00 million during the quarter, compared to analyst estimates of $368.45 million. Daseke had a net margin of 4.64% and a return on equity of 68.94%. During the same period in the prior year, the business posted $0.04 earnings per share. On average, sell-side analysts predict that Daseke, Inc. will post 1.02 earnings per share for the current year.

Hedge Funds Weigh In On Daseke

A number of hedge funds have recently modified their holdings of DSKE. Sandy Cove Advisors LLC bought a new position in shares of Daseke in the fourth quarter worth approximately $30,000. Lazard Asset Management LLC bought a new position in shares of Daseke during the fourth quarter worth $31,000. ACG Wealth bought a new position in shares of Daseke during the second quarter worth $58,000. Counterpoint Mutual Funds LLC bought a new position in shares of Daseke during the first quarter worth $62,000. Finally, Amalgamated Bank bought a new position in shares of Daseke during the first quarter worth $66,000. 41.85% of the stock is currently owned by institutional investors.

About Daseke

(Get Rating)

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in the United States, Canada, and Mexico. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials, as well as heavy machinery, such as construction, mining, and agriculture.

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