USA Truck Inc. (NASDAQ:USAK) shares reached a new 52-week low on Tuesday . The company traded as low as $10.63 and last traded at $10.72, with a volume of 17,399 shares changing hands. The stock had previously closed at $10.90.

A number of research analysts have weighed in on the company. Cowen and Company reduced their target price on USA Truck from $26.00 to $19.00 and set an “outperform” rating for the company in a report on Thursday, August 4th. Zacks Investment Research lowered USA Truck from a “hold” rating to a “sell” rating in a report on Thursday, July 7th.

The stock’s 50 day moving average price is $12.43 and its 200 day moving average price is $16.97. The firm has a market capitalization of $92.58 million, a PE ratio of 29.86 and a beta of 1.79.

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USA Truck (NASDAQ:USAK) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.10) EPS for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.29. The firm had revenue of $109.90 million for the quarter, compared to analyst estimates of $113.18 million. USA Truck had a return on equity of 10.25% and a net margin of 0.76%. The business’s revenue was down 17.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 EPS. Analysts forecast that USA Truck Inc. will post $0.43 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC boosted its position in shares of USA Truck by 27.6% in the first quarter. Acadian Asset Management LLC now owns 294,216 shares of the company’s stock valued at $5,543,000 after buying an additional 63,664 shares during the period. JPMorgan Chase & Co. boosted its position in shares of USA Truck by 11.8% in the first quarter. JPMorgan Chase & Co. now owns 566,479 shares of the company’s stock valued at $10,673,000 after buying an additional 59,829 shares during the period. Spark Investment Management LLC bought a new position in shares of USA Truck during the first quarter valued at about $278,000. State Street Corp boosted its position in shares of USA Truck by 3.4% in the first quarter. State Street Corp now owns 105,312 shares of the company’s stock valued at $1,985,000 after buying an additional 3,454 shares during the period. Finally, Renaissance Technologies LLC boosted its position in shares of USA Truck by 15.1% in the first quarter. Renaissance Technologies LLC now owns 201,300 shares of the company’s stock valued at $3,792,000 after buying an additional 26,400 shares during the period. 73.73% of the stock is owned by institutional investors and hedge funds.

About USA Truck

USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States and into and out of portions of Mexico and Canada. The Company operates through two segments: Trucking and Strategic Capacity Solutions (SCS). The Trucking segment consists of truckload and dedicated freight services.

5 Day Chart for NASDAQ:USAK

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