USA Truck Inc. (USAK) Sees Large Volume Increase
USA Truck Inc. (NASDAQ:USAK) shares saw unusually-strong trading volume on Friday . Approximately 78,000 shares traded hands during trading, an increase of 15% from the previous session’s volume of 67,555 shares.The stock last traded at $19.40 and had previously closed at $19.28.
USAK has been the subject of a number of research analyst reports. Stifel Nicolaus cut USA Truck from a “hold” rating to a “sell” rating and set a $15.00 target price for the company. in a research report on Thursday, April 7th. Zacks Investment Research cut USA Truck from a “buy” rating to a “hold” rating in a research report on Wednesday, May 25th. Finally, Cowen and Company reissued a “buy” rating on shares of USA Truck in a research report on Sunday, May 8th.
The stock’s 50 day moving average price is $19.13 and its 200 day moving average price is $17.58. The stock has a market capitalization of $175.57 million and a PE ratio of 25.80.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Thursday, May 5th. The company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.10 by $0.05. During the same period last year, the business earned $0.20 earnings per share. The company earned $110.62 million during the quarter, compared to analysts’ expectations of $113.44 million. The company’s revenue for the quarter was down 16.8% compared to the same quarter last year. Equities analysts anticipate that USA Truck Inc. will post $0.93 earnings per share for the current year.
In related news, Director Thomas M. Glaser acquired 2,493 shares of the business’s stock in a transaction on Monday, June 6th. The shares were bought at an average cost of $19.85 per share, with a total value of $49,486.05. Following the completion of the transaction, the director now directly owns 14,927 shares of the company’s stock, valued at approximately $296,300.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.
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