USA Truck Inc. (USAK) Shares Up 3.7%
USA Truck Inc. (NASDAQ:USAK)’s share price shot up 3.7% during 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 brokerages have recently commented on USAK. Cowen and Company reaffirmed a “buy” rating on shares of USA Truck in a research report on Sunday, May 8th. Zacks Investment Research cut shares of USA Truck from a “hold” rating to a “sell” rating in a research report on Thursday, July 7th.
The stock has a 50-day moving average price of $14.78 and a 200 day moving average price of $17.27. The firm has a market cap of $101.49 million and a PE ratio of 32.73.
USA Truck (NASDAQ:USAK) last released its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by $0.29. The company had revenue of $109.90 million for the quarter, compared to analyst estimates of $113.18 million. The company’s revenue was down 17.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. 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 acquired 2,493 shares of USA Truck stock in a transaction that occurred on Monday, June 6th. The stock was acquired at an average price 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available 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.