USA Truck Inc. (USAK) Sees Strong Trading Volume
USA Truck Inc. (NASDAQ:USAK) saw unusually-high trading volume on Friday . Approximately 78,000 shares were traded during mid-day 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.
A number of brokerages have recently weighed in on USAK. Stifel Nicolaus lowered shares of USA Truck from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a report on Thursday, April 7th. Zacks Investment Research lowered shares of USA Truck from a “buy” rating to a “hold” rating in a report on Wednesday, May 25th. Finally, Cowen and Company restated a “buy” rating on shares of USA Truck in a report on Sunday, May 8th.
The firm’s 50 day moving average price is $19.13 and its 200 day moving average price is $17.58. The stock has a market cap of $175.57 million and a price-to-earnings ratio of 25.80.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Thursday, May 5th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.10 by $0.05. During the same period last year, the company posted $0.20 EPS. The company had revenue of $110.62 million for the quarter, compared to analyst estimates of $113.44 million. The business’s revenue for the quarter was down 16.8% on a year-over-year basis. Equities research analysts anticipate that USA Truck Inc. will post $0.93 earnings per share for the current fiscal year.
In related news, Director Thomas M. Glaser purchased 2,493 shares of the company’s stock in a transaction that occurred on Monday, June 6th. The stock was purchased at an average price of $19.85 per share, with a total value of $49,486.05. Following the completion of the transaction, the director now owns 14,927 shares of the company’s stock, valued at approximately $296,300.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
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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