USA Truck Stock Price Down 9.3% on Insider Selling (USAK)

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Shares of USA Truck (NASDAQ:USAK) fell 9.3% during trading on Friday after an insider sold shares in the company, Analyst Ratings.Net reports. The stock traded as low as $14.70 and last traded at $15.16, with a volume of 99,248 shares changing hands. The stock had previously closed at $16.71.

Specifically, major shareholder Knight Transportation Inc unloaded 111,400 shares of the stock on the open market in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $17.09, for a total transaction of $1,903,826.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

The stock has a 50-day moving average of $16.78 and a 200-day moving average of $14.83. The company’s market cap is $158.1 million.

USA Truck (NASDAQ:USAK) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.07. The company had revenue of $145.50 million for the quarter, compared to the consensus estimate of $139.23 million. During the same quarter in the previous year, the company posted ($0.24) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, analysts predict that USA Truck will post $-0.05 earnings per share for the current fiscal year.

USA Truck, Inc is a truckload carrier providing transportation of general commodities throughout the continental United States, into and out of Mexico and into and out of portions of Canada.

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