Proficient Auto Logistics (PAL) Expected to Announce Quarterly Earnings on Friday

Proficient Auto Logistics (NASDAQ:PAL) is expected to announce its earnings results before the market opens on Friday, February 14th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

Proficient Auto Logistics Stock Up 2.0 %

Shares of Proficient Auto Logistics stock opened at $10.75 on Wednesday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.16. Proficient Auto Logistics has a 12 month low of $7.24 and a 12 month high of $21.01. The firm’s fifty day simple moving average is $9.21 and its 200-day simple moving average is $12.59.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Proficient Auto Logistics in a report on Monday, February 3rd. Stifel Nicolaus dropped their price target on shares of Proficient Auto Logistics from $15.00 to $14.00 and set a “buy” rating on the stock in a research note on Thursday, January 23rd.

Insiders Place Their Bets

In other news, CEO Richard D. Odell purchased 54,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $9.20 per share, with a total value of $496,800.00. Following the purchase, the chief executive officer now directly owns 753,802 shares of the company’s stock, valued at $6,934,978.40. The trade was a 7.72 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 1.00% of the stock is currently owned by company insiders.

About Proficient Auto Logistics

Proficient Auto Logistics, Inc focuses on providing auto transportation and logistics services in North America. It primarily focuses on transporting and delivering finished vehicles from automotive production facilities, ports of entry, and rail yards to a network of automotive dealerships. The company operates approximately 1,130 auto transport vehicles and trailers, including 615 company-owned transport vehicles and trailers.