USA Truck Inc. (USAK) Trading Up 5.5%
USA Truck Inc. (NASDAQ:USAK) was up 5.5% on Friday . The company traded as high as $12.67 and last traded at $12.55, with a volume of 160,050 shares traded. The stock had previously closed at $11.90.
A number of equities research analysts have recently weighed in on USAK shares. Zacks Investment Research upgraded USA Truck from a “hold” rating to a “buy” rating and set a $22.00 price objective 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 USA Truck from a “hold” rating to a “sell” rating and set a $15.00 price objective on the stock. in a research report on Thursday, April 7th.
The stock has a market cap of $115.25 million and a P/E ratio of 16.93. The firm’s 50 day moving average is $18.72 and its 200-day moving average is $17.76.
USA Truck (NASDAQ:USAK) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by $0.29. The company earned $109.90 million during the quarter, compared to the consensus estimate of $113.18 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s quarterly revenue was down 17.6% compared to the same quarter last year. Equities research analysts predict that USA Truck Inc. will post $0.43 EPS for the current fiscal year.
In other news, Director Thomas M. Glaser bought 2,493 shares of the firm’s stock in a transaction that occurred on Monday, June 6th. The shares were bought at an average cost of $19.85 per share, for a total transaction of $49,486.05. Following the completion of the transaction, the director now owns 14,927 shares of the company’s stock, valued at $296,300.95. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible 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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