USA Truck Inc. (USAK) Trading Up 3.7%
Shares of USA Truck Inc. (NASDAQ:USAK) were up 3.7% during mid-day trading on Friday . The stock traded as high as $11.93 and last traded at $11.63, with a volume of 62,192 shares traded. The stock had previously closed at $11.22.
Several analysts have recently weighed in on USAK shares. Cowen and Company lifted their target price on shares of USA Truck from $20.00 to $26.00 and gave the company an “outperform” rating in a research report on Friday, May 6th. 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.
The stock has a market cap of $101.49 million and a PE ratio of 32.73. The company’s 50-day moving average price is $14.78 and its 200-day moving average price is $17.27.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.29. The business had revenue of $109.90 million for the quarter, compared to analysts’ expectations of $113.18 million. The company’s quarterly revenue was down 17.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities research analysts predict that USA Truck Inc. will post $0.43 EPS for the current year.
In other news, Director Thomas M. Glaser purchased 2,493 shares of the company’s stock in a transaction on Monday, June 6th. The shares were purchased 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 of the company’s stock, valued at approximately $296,300.95. The transaction was disclosed in a filing with the SEC, which is available through this link.
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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