Media coverage about Rush Enterprises (NASDAQ:RUSHB) has trended somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rush Enterprises earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 46.9538116993322 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Rush Enterprises (NASDAQ:RUSHB) traded down $0.10 on Thursday, hitting $46.67. The stock had a trading volume of 12,459 shares, compared to its average volume of 20,935. The firm has a market cap of $1,938.32, a P/E ratio of 25.21 and a beta of 0.96. Rush Enterprises has a fifty-two week low of $28.16 and a fifty-two week high of $51.39. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 0.55.
Rush Enterprises announced that its Board of Directors has approved a stock repurchase plan on Thursday, November 30th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.
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Rush Enterprises Company Profile
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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