Insider Buying: Knight Transportation Inc Purchases 5,500 Shares of USA Truck Stock (USAK)
USA Truck (NASDAQ:USAK) major shareholder Knight Transportation Inc purchased 5,500 shares of the stock in a transaction dated Monday, October 14th. The shares were purchased at an average price of $8.95 per share, for a total transaction of $49,225.00. The transaction 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 stock are required to disclose their transactions with the SEC.
USAK has been the subject of a number of recent research reports. Analysts at Thomson Reuters/Verus upgraded shares of USA Truck from a “hold” rating to a “buy” rating in a research note to investors on Monday. Separately, 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. Finally, 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 (NASDAQ:USAK) traded up 0.33% during mid-day trading on Wednesday, hitting $9.05. The stock had a trading volume of 46,646 shares. USA Truck has a 1-year low of $2.65 and a 1-year high of $9.33. The stock’s 50-day moving average is $7.0 and its 200-day moving average is $6.19. The company’s market cap is $93.4 million.
USA Truck (NASDAQ:USAK) last posted its quarterly earnings results on Wednesday, July 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.34) earnings per share. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that USA Truck will post $-0.49 earnings per share for the current fiscal year.
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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