USA Truck (NASDAQ:USAK) Stock Price Crosses Above 200-Day Moving Average of $20.92
Shares of USA Truck, Inc. (NASDAQ:USAK - Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of £20.92 and traded as high as £31.26. USA Truck shares last traded at £31.15, with a volume of 173,107 shares traded.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the stock.
Cowen increased their target price on shares of USA Truck from £18.00 to £24.00 and gave the stock a "buy" rating in a research note on Monday, May 2nd. Cowen raised their target price on shares of USA Truck from £18.00 to £24.00 in a research report on Monday, May 2nd. Stephens reduced their price objective on shares of USA Truck from £27.00 to £25.00 in a research note on Friday, April 1st.
Finally, StockNews.com lowered shares of USA Truck from a "strong-buy" rating to a "buy" rating in a research report on Monday, July 11th.
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USA Truck Trading Down 0.0 %
The stock's fifty day moving average price is £22.42 and its 200 day moving average price is £20.92. The stock has a market capitalization of £280.60 million, a P/E ratio of 8.18 and a beta of 1.16. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.35 and a quick ratio of 1.33.USA Truck (NASDAQ:USAK - Get Rating) last released its quarterly earnings data on Thursday, April 28th.
The transportation company reported £1.48 earnings per share for the quarter, topping analysts' consensus estimates of £0.72 by £0.76. The company had revenue of £201.06 million during the quarter. USA Truck had a net margin of 4.55% and a return on equity of 32.98%.
During the same period last year, the company earned £0.43 earnings per share. Research analysts forecast that USA Truck, Inc. will post 4.55 earnings per share for the current year.
Institutional Trading of USA Truck
Hedge funds have recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new position in USA Truck in the 4th quarter worth approximately £3,402,000.
LSV Asset Management lifted its holdings in USA Truck by 1,355.1% in the 1st quarter. LSV Asset Management now owns 182,300 shares of the transportation company's stock valued at £3,755,000 after purchasing an additional 169,772 shares in the last quarter. Naviter Wealth LLC raised its holdings in shares of USA Truck by 164.2% during the 2nd quarter.
Naviter Wealth LLC now owns 177,943 shares of the transportation company's stock worth £5,591,000 after acquiring an additional 110,588 shares during the period. Acadian Asset Management LLC increased its position in shares of USA Truck by 35.8% during the 1st quarter. Acadian Asset Management LLC now owns 291,165 shares of the transportation company's stock worth £5,994,000 after purchasing an additional 76,680 shares during the last quarter.
Finally, Grace & White Inc. NY grew its position in USA Truck by 13.2% in the 2nd quarter. Grace & White Inc.
NY now owns 595,044 shares of the transportation company's stock valued at £18,696,000 after acquiring an additional 69,350 shares in the last quarter.
58.92% of the stock is owned by hedge funds and other institutional investors.
About USA Truck
(Get Rating) USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates in two segments, Trucking and USAT Logistics.
The Trucking segment offers motor carrier services as a medium-haul common and contract carrier; and freight services.
The USAT Logistics segment provides freight brokerage, logistics, and intermodal rail services.
- Get a free copy of the StockNews.com research report on USA Truck (USAK)
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