TravelCenters of America (NASDAQ:TA) Stock Price Crosses Above 200 Day Moving Average of $5.92

TravelCenters of America LLC (NASDAQ:TA)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $5.92 and traded as high as $14.34. TravelCenters of America shares last traded at $14.30, with a volume of 1,360 shares traded.

A number of equities analysts recently issued reports on the company. ValuEngine cut TravelCenters of America from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Zacks Investment Research downgraded TravelCenters of America from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 7th. Finally, B. Riley reduced their target price on TravelCenters of America from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th.

The firm’s 50 day moving average is $11.88 and its 200 day moving average is $5.92. 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 stock has a market cap of $111.16 million, a P/E ratio of -4.44 and a beta of 1.60.

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

Several institutional investors have recently modified their holdings of TA. Algert Global LLC acquired a new position in shares of TravelCenters of America in the 2nd quarter valued at $41,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of TravelCenters of America in the second quarter worth $43,000. Wealth & Pension Services Group Inc. acquired a new stake in TravelCenters of America in the 1st quarter valued at approximately $54,000. Menta Capital LLC lifted its holdings in TravelCenters of America by 11.4% in the second quarter. Menta Capital LLC now owns 22,460 shares of the specialty retailer’s stock worth $81,000 after purchasing an additional 2,300 shares during the period. Finally, B. Riley Wealth Management Inc. acquired a new position in TravelCenters of America during the 1st quarter valued at about $114,000.

About TravelCenters of America (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.

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