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Is Now the Time to Invest in Hallmark Financial Services Inc. (NASDAQ:HALL)?

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The Hallmark Financial Services Inc. (HALL) shares are trading at higher $4.17 and the avg recommendation for the stock is Hold.

To add more color to this target, the company’s high over the last year is $20.30 and the low is $2.28. Over the last 52 weeks, HALL is down -79.46% while the S&P 500 is down -0.83%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, HALL reported a profit of $5.58 million. Hallmark Financial Services Inc. also saw revenues increase to $132.65 million. In addition, HALL has free cash flow of -$8.08 million as of 06-2020. The company’s EBITDA came in at $8.34 million which compares well with its peers.

HALL booked profit margins of -17.00%, its Return on Equity (ROE) is -30.80%, and its Return on Assets is -5.50%. All told, it is clear that, HALL needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. HALL has a short ratio of 0.66 and outstanding shares of 18.12M.

Company Outlook

HALL has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.28 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -4.42. Investors should also keep an eye on sector updates as HALL has historically followed its peers on positive news.

All told, Hallmark Financial Services Inc. HALL has strung together solid data and demonstrated underlying fundamentals. At its current valuation, HALL represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Hallmark Financial Services Inc. HALL is now commanding a market cap of 75.94M and a float of 16.87M. HALL is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of HALL stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in HALL, either long or short, and we have not been compensated for this article.

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