USA Truck Inc. (USAK) Sees Strong Trading Volume
USA Truck Inc. (NASDAQ:USAK) shares saw unusually-high trading volume on Wednesday . Approximately 219,136 shares were traded during trading, an increase of 230% from the previous session’s volume of 66,350 shares.The stock last traded at $14.69 and had previously closed at $19.23.
USAK has been the topic of a number of research reports. Zacks Investment Research upgraded shares of USA Truck from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Tuesday, May 10th. Cowen and Company reiterated a “buy” rating on shares of USA Truck in a research report on Sunday, May 8th. Finally, Stifel Nicolaus lowered shares of USA Truck from a “hold” rating to a “sell” rating and set a $15.00 target price on the stock. in a research report on Thursday, April 7th.
The firm has a 50 day moving average price of $18.94 and a 200-day moving average price of $17.81. The firm has a market capitalization of $133.84 million and a price-to-earnings ratio of 19.67.
USA Truck (NASDAQ:USAK) last released its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.40. The company had revenue of $109.90 million for the quarter, compared to analyst estimates of $113.18 million. During the same quarter last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. On average, analysts predict that USA Truck Inc. will post $0.93 EPS for the current year.
In other USA Truck news, Director Thomas M. Glaser purchased 2,493 shares of the stock in a transaction that occurred on Monday, June 6th. The shares were acquired 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 owns 14,927 shares in the company, valued at $296,300.95. The purchase was disclosed in a document filed 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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