Patriot National Bancorp (NASDAQ:PNBK) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Patriot National Bancorp Inc. (NASDAQ:PNBK) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.38 and traded as high as $1.74. Patriot National Bancorp shares last traded at $1.72, with a volume of 194,085 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Patriot National Bancorp in a research report on Monday, December 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Patriot National Bancorp has a consensus rating of “Sell”.

Patriot National Bancorp Price Performance

The company has a debt-to-equity ratio of 0.17, a current ratio of 0.96 and a quick ratio of 0.94. The company has a market cap of $197.78 million, a PE ratio of -0.64 and a beta of -0.63. The company has a 50-day moving average price of $1.30 and a two-hundred day moving average price of $1.38.

Patriot National Bancorp (NASDAQ:PNBK) last released its quarterly earnings results on Friday, November 14th. The bank reported ($0.03) EPS for the quarter. Patriot National Bancorp had a negative return on equity of 37.63% and a negative net margin of 35.17%.The company had revenue of $7.22 million for the quarter.

Hedge Funds Weigh In On Patriot National Bancorp

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new stake in shares of Patriot National Bancorp during the first quarter valued at about $28,000. Axxcess Wealth Management LLC purchased a new position in Patriot National Bancorp in the second quarter valued at about $324,000. Curated Wealth Partners LLC acquired a new stake in Patriot National Bancorp during the 2nd quarter valued at approximately $1,013,000. Elyxium Wealth LLC purchased a new stake in Patriot National Bancorp during the 2nd quarter worth approximately $32,000. Finally, Suncoast Equity Management acquired a new position in shares of Patriot National Bancorp in the 2nd quarter valued at approximately $28,000. Institutional investors and hedge funds own 39.25% of the company’s stock.

Patriot National Bancorp Company Profile

Patriot National Bancorp, Inc operates as the holding company for Patriot Bank, N.A. that provides community banking services to individuals, small and medium-sized businesses, and professionals. The company accepts consumer and commercial deposit accounts, such as checking, interest-bearing negotiable order of withdrawal, money market, time certificates of deposit, savings, prepaid deposit, on-line national money market, individual retirement accounts, and health savings accounts, as well as certificate of deposit account registry service.