Daseke Inc (NASDAQ:DSKE)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $11.92, but opened at $11.43. Daseke shares last traded at $10.61, with a volume of 6252418 shares changing hands.

Several research firms have recently issued reports on DSKE. BidaskClub lowered Daseke from a “hold” rating to a “sell” rating in a report on Saturday. Northland Securities reaffirmed a “buy” rating and issued a $17.50 target price on shares of Daseke in a report on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $14.88.

The company has a quick ratio of 2.89, a current ratio of 2.88 and a debt-to-equity ratio of 2.05.

Hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC bought a new position in shares of Daseke in the fourth quarter valued at approximately $169,000. Goldman Sachs Group Inc. purchased a new position in Daseke in the fourth quarter valued at approximately $223,000. Granite Springs Asset Management LLC purchased a new position in Daseke in the fourth quarter valued at approximately $236,000. Two Sigma Advisers LP purchased a new position in Daseke in the fourth quarter valued at approximately $316,000. Finally, California State Teachers Retirement System lifted its stake in Daseke by 16.9% in the fourth quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock valued at $543,000 after purchasing an additional 5,483 shares during the last quarter. 37.89% of the stock is owned by institutional investors.

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About Daseke

Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.

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