ETS (NASDAQ:ETS) Stock Falls 0.9% – Here’s What Happened

ETS (NASDAQ:ETS) shares traded down 0.9% on Thursday. The company traded as low as $1.94 and last traded at $2.14. Approximately 6,123 shares changed hands during trading, a decline of 88% from the average daily volume of 52,771 shares. The stock had previously closed at $2.16.

Key Headlines Impacting ETS

Here are the key news stories impacting ETS this week:

• Positive Sentiment: Recent trading momentum and volume modestly above average suggest continued speculative investor interest, although the available reports do not identify a new operational or financial catalyst. ETS Shares Down 0.9% – Here’s What Happened
• Neutral Sentiment: The stock has risen sharply from its 52-week low and remains below its 52-week high, indicating substantial volatility. Investors may be weighing the potential impact of the breach against the company’s recent price momentum.
• Negative Sentiment: ETS is being sued over a data breach reportedly affecting current and former California students. The lawsuit could expose the company to legal expenses, damages, regulatory scrutiny and reputational harm. ETS Sued Over Data Breach Affecting Current, Former Calif. Students
• Negative Sentiment: Reports say hackers copied data belonging to approximately 7 million California public-school students from ETS, prompting state warnings to affected families. The scale of the incident raises the risk of additional claims, remediation costs and customer or government contract pressure. Hackers stole data on about 7 million California students from testing vendor ETS
• Negative Sentiment: California officials have warned that the compromised testing information may affect millions of students, increasing uncertainty around the breach’s scope and the company’s ultimate financial liability. California warns all public school students that hackers copied their data from testing firm ETS

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of ETS in a research note on Tuesday, September 22nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, ETS has an average rating of “Sell”.

ETS Price Performance

The company has a market cap of $40.30 million, a PE ratio of -13.39 and a beta of -5.18. The business has a 50 day moving average of $1.50 and a 200 day moving average of $1.01.

ETS (NASDAQ:ETS) last issued its earnings results on Wednesday, October 14th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $0.77 million during the quarter. ETS had a negative return on equity of 32.52% and a negative net margin of 169.23%.

About ETS

Elite Express Holding Inc is a holding company which conducts its operations through its wholly owned subsidiary, JAR Transportation Inc It provides last-mile delivery services, primarily focused on transporting packages from distribution centers to end customers. Elite Express Holding Inc is based in LAGUNA HILLS, Calif.