Breaking: Is Selling USA Truck, Inc. Here a Winning Strategy?

Breaking: Is Selling USA Truck, Inc. Here a Winning Strategy?

The stock of USA Truck, Inc. (NASDAQ:USAK) hit a new 52-week low and has $6.92 target or 11.00% below today’s $7.78 share price. The 5 months bearish chart indicates high risk for the $62.84 million company. The 1-year low was reported on Nov, 2 by If the $6.92 price target is reached, the company will be worth $6.91M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.89% or $0.15 during the last trading session, hitting $7.78. About 36,694 shares traded hands. USA Truck, Inc. (NASDAQ:USAK) has declined 57.91% since March 31, 2016 and is downtrending. It has underperformed by 60.43% the S&P500.

USA Truck, Inc. (NASDAQ:USAK) Ratings Coverage

Out of 2 analysts covering USA Truck (NASDAQ:USAK), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. USA Truck has been the topic of 4 analyst reports since August 19, 2015 according to StockzIntelligence Inc. Stifel Nicolaus initiated it with “Hold” rating and $17 target price in Wednesday, March 23 report. Zacks upgraded the shares of USAK in a report on Wednesday, August 19 to “Hold” rating. Cowen & Co maintained USA Truck, Inc. (NASDAQ:USAK) on Thursday, November 5 with “Outperform” rating. The rating was downgraded by Stifel Nicolaus on Thursday, April 7 to “Sell”.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 0.53 in 2016 Q2. Its down 0.28, from 0.81 in 2016Q1. The ratio dived, as 10 funds sold all USA Truck, Inc. shares owned while 30 reduced positions. 10 funds bought stakes while 11 increased positions. They now own 5.26 million shares or 4.91% less from 5.53 million shares in 2016Q1.
Teachers Advisors Inc holds 15,151 shares or 0% of its portfolio. Invesco Ltd owns 72,252 shares or 0% of their US portfolio. Cornerstone Cap Management Ltd Liability Co has 0% invested in the company for 19,200 shares. Horrell Capital last reported 27,000 shares in the company. The Japan-based Diam Co has invested 0% in USA Truck, Inc. (NASDAQ:USAK). Moreover, Vanguard Grp has 0% invested in USA Truck, Inc. (NASDAQ:USAK) for 355,005 shares. Dimensional Fund Advisors Limited Partnership, a Texas-based fund reported 802,929 shares. Us National Bank & Trust De last reported 45,777 shares in the company. Blackrock owns 2,164 shares or 0% of their US portfolio. Tower Rech Capital Limited Liability Co (Trc) holds 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK) for 1,417 shares. Matarin Management Llc has invested 0% of its portfolio in USA Truck, Inc. (NASDAQ:USAK). Globeflex Lp last reported 0.06% of its portfolio in the stock. Credit Suisse Ag accumulated 11,762 shares or 0% of the stock. Acadian Asset Mgmt Limited accumulated 0.03% or 280,469 shares. State Street Corp accumulated 106,328 shares or 0% of the stock.

Insider Transactions: Since May 9, 2016, the stock had 3 buys, and 0 insider sales for $69,958 net activity. 2,493 USA Truck, Inc. (NASDAQ:USAK) shares with value of $49,485 were bought by GLASER THOMAS M. $20,071 worth of USA Truck, Inc. (NASDAQ:USAK) shares were bought by Chambers Mary Susan. 29 shares were bought by Faulkenberry Barbara J, worth $402.

More recent USA Truck, Inc. (NASDAQ:USAK) news were published by: which released: “USA Truck Appoints DHL Veteran as CEO” on January 14, 2016. Also published the news titled: “USA Truck Appoints James D. Reed as Chief Financial Officer” on October 27, 2016.‘s news article titled: “USA Truck Reports Second Quarter 2016 Results” with publication date: August 03, 2016 was also an interesting one.

USAK Company Profile

USA Truck, Inc., incorporated on September 29, 1986, 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 Firm operates through two divisions: Trucking and Strategic Capacity Solutions (SCS). The Firm transports full dry van trailer loads of freight from origin to destination without intermediate stops or handling. The Firm offers a range of truckload and logistics services to a customer base that spans a range of industries. The Company’s fleet of approximately 1,832 tractors consists of 1,568 firm tractors and 264 independent contractor tractors. The Firm owns approximately 6,200 trailers. The Firm also transports general commodities into and out of Mexico by allowing through-trailer service from its terminal in Laredo, Texas.

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