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Patriot National Bancorp (NASDAQ:PNBK) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Patriot National Bancorp logo with Finance background

Patriot National Bancorp, Inc. (NASDAQ:PNBK - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.82 and traded as high as $4.35. Patriot National Bancorp shares last traded at $4.32, with a volume of 121,727 shares changing hands.

Patriot National Bancorp Trading Up 2.9 %

The company has a quick ratio of 0.97, a current ratio of 0.99 and a debt-to-equity ratio of 6.83. The company has a market capitalization of $318.49 million, a P/E ratio of -0.58 and a beta of 0.07. The business has a fifty day moving average price of $1.84 and a 200 day moving average price of $1.82.

Patriot National Bancorp (NASDAQ:PNBK - Get Free Report) last released its earnings results on Tuesday, April 15th. The bank reported ($2.40) EPS for the quarter. The firm had revenue of $6.59 million during the quarter. Patriot National Bancorp had a negative net margin of 45.58% and a negative return on equity of 81.22%.

Insider Buying and Selling

In other Patriot National Bancorp news, President Steven Sugarman purchased 7,019,978 shares of the business's stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of $0.75 per share, with a total value of $5,264,983.50. Following the transaction, the president now directly owns 7,019,978 shares of the company's stock, valued at $5,264,983.50. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 13.60% of the stock is currently owned by corporate insiders.

Patriot National Bancorp Company Profile

(Get Free Report)

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.

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