StockNews.com Begins Coverage on USA Truck (NASDAQ:USAK)
Equities research analysts at StockNews.com initiated coverage on shares of USA Truck (NASDAQ:USAK - Get Rating) in a research report issued on Wednesday. The firm set a "hold" rating on the transportation company's stock.
USA Truck Stock Performance
Shares of USA Truck stock opened at £31.71 on Wednesday. USA Truck has a one year low of £28.00 and a one year high of £58.18.
The company has a market cap of £286.47 million, a price-to-earnings ratio of 8.57 and a beta of 1.08. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.21 and a current ratio of 1.22. The business's 50 day moving average price is £31.42 and its 200 day moving average price is £24.24.
Institutional Investors Weigh In On USA Truck
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business.
Prelude Capital Management LLC purchased a new stake in USA Truck in the second quarter valued at £2,402,000. Jane Street Group LLC purchased a new stake in USA Truck in the second quarter valued at £1,055,000. Millennium Management LLC raised its position in USA Truck by 7.3% in the second quarter.
Millennium Management LLC now owns 107,892 shares of the transportation company's stock valued at £3,390,000 after purchasing an additional 7,339 shares during the period. Virtu Financial LLC purchased a new stake in USA Truck in the second quarter valued at £307,000. Finally, Renaissance Technologies LLC raised its position in USA Truck by 59.2% in the second quarter.
Renaissance Technologies LLC now owns 120,000 shares of the transportation company's stock valued at £3,770,000 after purchasing an additional 44,600 shares during the period. Hedge funds and other institutional investors own 75.34% of the company's stock.
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.
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