USA Truck Inc. (USAK) Stock Price Up 5.5%
USA Truck Inc. (NASDAQ:USAK) rose 5.5% during trading on Friday . The stock traded as high as $12.67 and last traded at $12.55, with a volume of 160,050 shares. The stock had previously closed at $11.90.
USAK has been the topic of several analyst reports. Cowen and Company boosted their target price on USA Truck from $20.00 to $26.00 and gave the stock an “outperform” rating in a report on Friday, May 6th. Zacks Investment Research raised USA Truck from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, May 10th.
The firm has a 50-day moving average of $18.52 and a 200-day moving average of $17.73. The firm has a market capitalization of $115.25 million and a PE ratio of 16.93.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.29. The firm earned $109.90 million during the quarter, compared to analysts’ expectations of $113.18 million. During the same quarter last year, the firm posted $0.23 EPS. The business’s revenue for the quarter was down 17.6% on a year-over-year basis. On average, equities analysts expect that USA Truck Inc. will post $0.43 EPS for the current fiscal year.
In other USA Truck news, Director Thomas M. Glaser purchased 2,493 shares of USA Truck stock in a transaction dated Monday, June 6th. The shares were purchased at an average cost of $19.85 per share, for a total transaction of $49,486.05. Following the completion of the acquisition, the director now owns 14,927 shares in the company, valued at approximately $296,300.95. The acquisition was disclosed in a document filed with the SEC, which is available at 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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