TravelCenters of America (NASDAQ:TA) Stock Price Crosses Above Two Hundred Day Moving Average of $0.00

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Shares of TravelCenters of America LLC (NASDAQ:TA) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $12.80. TravelCenters of America shares last traded at $12.59, with a volume of 4,827 shares changing hands.

Several research firms recently issued reports on TA. B. Riley reduced their price objective on shares of TravelCenters of America from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Zacks Investment Research lowered shares of TravelCenters of America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 7th. Finally, ValuEngine raised shares of TravelCenters of America from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 1st.

The company has a debt-to-equity ratio of 4.21, a quick ratio of 0.45 and a current ratio of 0.90. The firm’s 50 day moving average is $6.86 and its 200-day moving average is $4.84. The firm has a market cap of $104.85 million, a price-to-earnings ratio of -4.01 and a beta of 1.63.

TravelCenters of America (NASDAQ:TA) last released its quarterly earnings data on Monday, August 5th. The specialty retailer reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.70). TravelCenters of America had a negative net margin of 1.42% and a negative return on equity of 3.79%. The business had revenue of $1.60 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same period in the previous year, the firm posted ($0.05) EPS. The firm’s revenue for the quarter was down 1.7% on a year-over-year basis. As a group, research analysts predict that TravelCenters of America LLC will post -1.24 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Menta Capital LLC raised its holdings in TravelCenters of America by 11.4% in the 2nd quarter. Menta Capital LLC now owns 22,460 shares of the specialty retailer’s stock worth $81,000 after acquiring an additional 2,300 shares during the period. Oppenheimer & Co. Inc. raised its holdings in TravelCenters of America by 3.0% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 108,900 shares of the specialty retailer’s stock worth $394,000 after acquiring an additional 3,200 shares during the period. Falcon Point Capital LLC raised its holdings in TravelCenters of America by 2.5% in the 1st quarter. Falcon Point Capital LLC now owns 151,036 shares of the specialty retailer’s stock worth $621,000 after acquiring an additional 3,647 shares during the period. Wells Fargo & Company MN increased its holdings in shares of TravelCenters of America by 27.4% during the 2nd quarter. Wells Fargo & Company MN now owns 51,718 shares of the specialty retailer’s stock worth $186,000 after purchasing an additional 11,117 shares during the period. Finally, Boston Partners increased its holdings in shares of TravelCenters of America by 3.5% during the 1st quarter. Boston Partners now owns 329,201 shares of the specialty retailer’s stock worth $1,353,000 after purchasing an additional 11,192 shares during the period.

TravelCenters of America Company Profile (NASDAQ:TA)

TravelCenters of America LLC operates travel centers and standalone restaurants in the United States and Canada. Its travel centers offer a range of products and services, including diesel fuel and gasoline, as well as nonfuel products and services, such as parking, truck repair and maintenance services, full service restaurants, quick service restaurants, and various customer amenities.

Further Reading: Return on Investment (ROI)

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