USA Truck Rating Increased to Buy at Thomson Reuters/Verus (USAK)
USA Truck (NASDAQ:USAK) was upgraded by analysts at Thomson Reuters/Verus from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, AnalystRatingsNetwork.com reports.
In other USA Truck news, major shareholder Knight Transportation Inc bought 36,421 shares of USA Truck stock on the open market in a transaction dated Tuesday, October 1st. The stock was purchased at an average price of $8.95 per share, with a total value of $325,967.95. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
USA Truck (NASDAQ:USAK) traded down 0.78% on Monday, hitting $8.95. The stock had a trading volume of 20,423 shares. USA Truck has a 1-year low of $2.65 and a 1-year high of $9.33. The stock has a 50-day moving average of $6.8 and a 200-day moving average of $6.12. The company’s market cap is $92.4 million.
USA Truck (NASDAQ:USAK) last released its earnings data on Wednesday, July 24th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.06) by $0.04. The company had revenue of $139.70 million for the quarter, compared to the consensus estimate of $139.28 million. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that USA Truck will post $-0.47 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of USA Truck to a “neutral” rating in a research note to investors on Wednesday, September 11th. They now have a $6.90 price target on the stock. Analysts at Sidoti upgraded shares of USA Truck from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, September 5th.
USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States, into and out of Mexico and into and out of portions of Canada.
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