USA Truck, Inc. (NASDAQ:USAK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec. “

Other analysts have also recently issued research reports about the stock. Stifel Nicolaus raised shares of USA Truck from a “hold” rating to a “buy” rating and upped their price target for the company from $9.00 to $15.00 in a research report on Friday, September 29th. Cowen and Company reaffirmed a “buy” rating and set a $10.00 price target on shares of USA Truck in a research report on Friday, September 8th. Finally, ValuEngine raised shares of USA Truck from a “sell” rating to a “hold” rating in a research report on Sunday, September 3rd. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. USA Truck has an average rating of “Hold” and a consensus target price of $12.31.

USA Truck (NASDAQ:USAK) traded up $0.65 during midday trading on Tuesday, reaching $17.84. The company had a trading volume of 99,500 shares, compared to its average volume of 90,604. USA Truck has a 1-year low of $5.73 and a 1-year high of $17.85. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.05 and a quick ratio of 1.04.

USA Truck (NASDAQ:USAK) last posted its quarterly earnings data on Thursday, November 2nd. The transportation company reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.10. The business had revenue of $114.20 million during the quarter, compared to the consensus estimate of $108.05 million. USA Truck had a negative return on equity of 19.57% and a negative net margin of 2.61%. USA Truck’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.09) earnings per share. sell-side analysts anticipate that USA Truck will post -0.47 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC increased its stake in USA Truck by 204.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,826 shares of the transportation company’s stock valued at $120,000 after buying an additional 9,289 shares during the last quarter. Citigroup Inc. increased its stake in shares of USA Truck by 44.0% during the 2nd quarter. Citigroup Inc. now owns 14,635 shares of the transportation company’s stock worth $127,000 after purchasing an additional 4,470 shares during the last quarter. Callahan Advisors LLC purchased a new stake in shares of USA Truck during the 2nd quarter worth approximately $132,000. LMR Partners LLP purchased a new stake in shares of USA Truck during the 2nd quarter worth approximately $198,000. Finally, Citadel Advisors LLC purchased a new stake in shares of USA Truck during the 3rd quarter worth approximately $203,000. Institutional investors own 56.85% of the company’s stock.

USA Truck Company Profile

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.

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