USA Truck (NASDAQ:USAK) Stock Rating Lowered by Zacks Investment Research

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Zacks Investment Research cut shares of USA Truck (NASDAQ:USAK) from a buy rating to a hold rating in a research report report published on Thursday morning, Zacks.com reports.

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. “

USAK has been the topic of several other reports. Cowen reaffirmed a buy rating and issued a $11.00 target price on shares of USA Truck in a research report on Tuesday, July 28th. ValuEngine downgraded USA Truck from a buy rating to a hold rating in a report on Tuesday, July 28th.

Shares of USAK traded up $0.07 during trading hours on Thursday, hitting $11.31. The stock had a trading volume of 542 shares, compared to its average volume of 88,636. The company has a debt-to-equity ratio of 2.09, a quick ratio of 0.93 and a current ratio of 0.94. The firm has a market cap of $94.63 million, a P/E ratio of -9.95 and a beta of 2.26. The company’s fifty day simple moving average is $9.45 and its 200 day simple moving average is $6.21. USA Truck has a 12-month low of $2.36 and a 12-month high of $12.85.

USA Truck (NASDAQ:USAK) last issued its earnings results on Monday, July 27th. The transportation company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The business had revenue of $123.74 million for the quarter, compared to analyst estimates of $117.40 million. USA Truck had a negative return on equity of 10.69% and a negative net margin of 1.92%. As a group, sell-side analysts predict that USA Truck will post -0.17 earnings per share for the current fiscal year.

In related news, Director Robert E. Creager purchased 6,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was purchased at an average cost of $6.31 per share, for a total transaction of $37,860.00. Also, EVP Timothy W. Guin purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $6.31 per share, with a total value of $63,100.00. Over the last quarter, insiders purchased 17,500 shares of company stock valued at $110,425. 8.10% of the stock is owned by insiders.

Several institutional investors have recently made changes to their positions in USAK. Morgan Stanley grew its stake in shares of USA Truck by 22.1% during the first quarter. Morgan Stanley now owns 18,580 shares of the transportation company’s stock valued at $59,000 after acquiring an additional 3,365 shares in the last quarter. GSA Capital Partners LLP grew its stake in USA Truck by 19.5% in the first quarter. GSA Capital Partners LLP now owns 42,699 shares of the transportation company’s stock worth $135,000 after purchasing an additional 6,969 shares in the last quarter. WINTON GROUP Ltd acquired a new position in USA Truck in the second quarter worth about $169,000. FMR LLC acquired a new position in USA Truck in the second quarter worth about $302,000. Finally, Callahan Advisors LLC grew its stake in USA Truck by 13.1% in the second quarter. Callahan Advisors LLC now owns 51,832 shares of the transportation company’s stock worth $402,000 after purchasing an additional 6,000 shares in the last quarter. Institutional investors own 49.67% of the company’s stock.

USA Truck Company Profile

USA Truck, Inc operates as a truckload carrier in the United States, Mexico, and Canada. The company operates through two segments, Trucking and USAT Logistics. The Trucking segment offers truckload motor carrier services as a medium to long-haul common and contract carrier; and dedicated freight services.

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