EQPT (NASDAQ:EQPT) Sets New 52-Week Low – Time to Sell?

Shares of EQPT (NASDAQ:EQPT) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $23.93 and last traded at $24.54, with a volume of 1261456 shares. The stock had previously closed at $24.80.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Zacks Research upgraded EQPT to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen raised EQPT from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. The Goldman Sachs Group assumed coverage on EQPT in a report on Tuesday, February 17th. They set a “buy” rating and a $51.00 price target on the stock. Citizens Jmp began coverage on EQPT in a research report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price target for the company. Finally, Wells Fargo & Company began coverage on shares of EQPT in a research note on Tuesday, February 17th. They set an “overweight” rating and a $41.00 price objective for the company. Six analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $43.25.

EQPT Trading Down 7.3%

EQPT (NASDAQ:EQPT) last issued its quarterly earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.54 billion.

EQPT Company Profile

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.