Media stories about Rush Enterprises (NASDAQ:RUSHB) have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Rush Enterprises earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.9968602860569 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Rush Enterprises (NASDAQ:RUSHB) traded down $0.92 on Friday, hitting $50.77. The stock had a trading volume of 3,577 shares, compared to its average volume of 9,347. The company has a market cap of $2,059.02, a price-to-earnings ratio of 26.78 and a beta of 0.96. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55. Rush Enterprises has a 1-year low of $28.99 and a 1-year high of $51.83.
Rush Enterprises announced that its Board of Directors has approved a stock buyback program on Thursday, November 30th that allows the company to repurchase $40.00 million in shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.
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About Rush Enterprises
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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