Quality Distribution (QLTY) Falls: Stock Goes Down 5% - Tale of the Tape
February 28 2014 - 8:57AM
Zacks
Quality Distribution
Inc. (QLTY) saw a big move last session, as the company’s
shares fell by 5% on the day. The move came on pretty good volume
too with far more shares changing hands than in a normal session.
This continues the most recent downtrend for QLTY, as the stock is
now down 9.8% since Feb 21.
This slump shouldn’t be too much of a surprise to investors, as the
transportation service providing company has seen 1 negative
revision in the past few weeks and its current year earnings
consensus has moved lower over the last 30 days. This suggests
there may be more trouble down the road. So make sure to keep an
eye on this stock going forward to see if this recent slump will
continue, as the earnings picture definitely suggests that this
might be the case.
QLTY currently has a Zacks Rank #5 (Strong Sell) while its Earnings
ESP is 0.00%.
Some better-ranked stocks in the transportation sector include
P.A.M. Transportation Services, Inc. (PTSI),
Covenant Transportation Group, Inc. (CVTI) and
Forward Air Corp. (FWRD). While P.A.M.
Transportation carries a Zacks Rank #1 (Strong Buy), Covenant
Transportation and Forward Air hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research?
Today, you can download 7 Best Stocks for the Next 30
Days. Click to get this free report >>
COVENANT TRANS (CVTI): Free Stock Analysis Report
FORWARD AIR CRP (FWRD): Free Stock Analysis Report
PAM TRANSPORT (PTSI): Get Free Report
QUALITY DISTRIB (QLTY): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
P A M Transport Services (NASDAQ:PTSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
P A M Transport Services (NASDAQ:PTSI)
Historical Stock Chart
From Apr 2023 to Apr 2024