USA Truck, Inc. (NASDAQ:USAK) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.50.
Several brokerages recently commented on USAK. Zacks Investment Research lowered shares of USA Truck from a “hold” rating to a “strong sell” rating in a research report on Saturday, October 12th. ValuEngine raised shares of USA Truck from a “sell” rating to a “hold” rating in a research report on Friday, November 8th.
A number of hedge funds have recently modified their holdings of USAK. Jane Street Group LLC acquired a new position in USA Truck during the second quarter worth approximately $108,000. Wolverine Trading LLC increased its position in USA Truck by 181.4% during the second quarter. Wolverine Trading LLC now owns 11,158 shares of the transportation company’s stock worth $113,000 after purchasing an additional 24,858 shares during the last quarter. Callahan Advisors LLC increased its position in USA Truck by 24.5% during the third quarter. Callahan Advisors LLC now owns 36,851 shares of the transportation company’s stock worth $296,000 after purchasing an additional 7,255 shares during the last quarter. Millennium Management LLC increased its position in USA Truck by 79.2% during the third quarter. Millennium Management LLC now owns 37,933 shares of the transportation company’s stock worth $304,000 after purchasing an additional 16,763 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of USA Truck by 21.8% in the second quarter. Municipal Employees Retirement System of Michigan now owns 35,260 shares of the transportation company’s stock worth $356,000 after acquiring an additional 6,300 shares in the last quarter. 56.84% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ:USAK traded up $0.02 during trading on Monday, reaching $7.60. The stock had a trading volume of 28,642 shares, compared to its average volume of 50,294. The business has a fifty day moving average price of $7.46 and a 200-day moving average price of $8.73. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.94. The stock has a market cap of $65.75 million, a P/E ratio of 9.35 and a beta of 1.36. USA Truck has a fifty-two week low of $6.98 and a fifty-two week high of $20.93.
USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Friday, November 1st. The transportation company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.16). USA Truck had a return on equity of 8.23% and a net margin of 1.01%. The company had revenue of $130.92 million for the quarter, compared to analyst estimates of $127.40 million. As a group, equities analysts forecast that USA Truck will post 0.08 EPS for the current year.
USA Truck Company Profile
USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.
Further Reading: Accumulation/Distribution
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