USA Truck Inc. (NASDAQ:USAK)’s share price traded down 3.4% during mid-day trading on Wednesday . The company traded as low as $12.33 and last traded at $12.51, with a volume of 56,908 shares trading hands. The stock had previously closed at $12.95.

A number of equities analysts have recently issued reports on the stock. Cowen and Company increased their price target on shares of USA Truck from $20.00 to $26.00 and gave the company an “outperform” rating in a report on Friday, May 6th. Zacks Investment Research downgraded shares of USA Truck from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 29th.

The firm’s 50-day moving average is $17.90 and its 200-day moving average is $17.72. The firm has a market capitalization of $109.61 million and a PE ratio of 35.35.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.29. The company earned $109.90 million during the quarter, compared to analyst estimates of $113.18 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. The business’s revenue for the quarter was down 17.6% compared to the same quarter last year. Analysts anticipate that USA Truck Inc. will post $0.43 earnings per share for the current fiscal year.

In other news, Director Thomas M. Glaser purchased 2,493 shares of the company’s 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 purchase, the director now owns 14,927 shares in the company, valued at $296,300.95. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, 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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