Joint (NASDAQ:JYNT) Stock Price Passes Above Fifty Day Moving Average of $11.48

The Joint Corp. (NASDAQ:JYNT)’s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.48 and traded as high as $12.26. Joint shares last traded at $12.02, with a volume of 51,983 shares.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Joint from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $21.50.

Joint Stock Performance

The firm’s 50-day moving average price is $11.48 and its 200 day moving average price is $9.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $177.66 million, a price-to-earnings ratio of -18.21 and a beta of 1.59.

Joint (NASDAQ:JYNT) last issued its quarterly earnings data on Thursday, March 7th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $30.61 million during the quarter, compared to analysts’ expectations of $29.63 million. Joint had a negative net margin of 8.19% and a positive return on equity of 7.80%. On average, sell-side analysts anticipate that The Joint Corp. will post 0.13 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Bandera Partners LLC lifted its position in shares of Joint by 337.5% in the first quarter. Bandera Partners LLC now owns 1,000,000 shares of the company’s stock worth $35,390,000 after purchasing an additional 771,453 shares in the last quarter. Millennium Management LLC lifted its position in shares of Joint by 158.8% in the fourth quarter. Millennium Management LLC now owns 562,444 shares of the company’s stock worth $7,863,000 after purchasing an additional 345,133 shares in the last quarter. First Foundation Advisors bought a new stake in shares of Joint in the third quarter worth $1,336,000. Skylands Capital LLC lifted its position in shares of Joint by 20.3% in the fourth quarter. Skylands Capital LLC now owns 603,640 shares of the company’s stock worth $5,801,000 after purchasing an additional 101,850 shares in the last quarter. Finally, Hudson Bay Capital Management LP bought a new stake in shares of Joint in the third quarter worth $867,000. Institutional investors own 76.88% of the company’s stock.

Joint Company Profile

The Joint Corp. operates and franchises chiropractic clinics in the United States. The company operates in two segments, Corporate Clinics and Franchise Operations. The Joint Corp. was incorporated in 2010 and is headquartered in Scottsdale, Arizona.