Heartland Express (NASDAQ:HTLD) Sets New 1-Year Low – Should You Sell?

Shares of Heartland Express, Inc. (NASDAQ:HTLD) hit a new 52-week low during trading on Tuesday . The stock traded as low as $9.60 and last traded at $9.60, with a volume of 523246 shares. The stock had previously closed at $9.90.

Analyst Upgrades and Downgrades

Separately, Barclays upped their price target on shares of Heartland Express from $10.00 to $11.00 and gave the company an “underweight” rating in a research note on Wednesday, November 13th.

Heartland Express Stock Down 1.9 %

The company has a current ratio of 1.08, a quick ratio of 1.17 and a debt-to-equity ratio of 0.23. The firm has a market cap of $722.66 million, a price-to-earnings ratio of -24.86 and a beta of 0.80. The firm’s 50 day simple moving average is $10.93 and its two-hundred day simple moving average is $11.54.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Tuesday, January 28th. The transportation company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. Heartland Express had a negative net margin of 2.84% and a negative return on equity of 3.57%. On average, equities analysts forecast that Heartland Express, Inc. will post 0.17 EPS for the current year.

Institutional Trading of Heartland Express

A number of institutional investors have recently modified their holdings of HTLD. Headlands Technologies LLC acquired a new position in Heartland Express in the fourth quarter valued at about $42,000. R Squared Ltd bought a new position in Heartland Express in the 4th quarter valued at about $75,000. Meeder Asset Management Inc. acquired a new position in shares of Heartland Express in the 4th quarter valued at approximately $79,000. KLP Kapitalforvaltning AS bought a new stake in shares of Heartland Express during the 4th quarter worth approximately $105,000. Finally, Intech Investment Management LLC bought a new stake in shares of Heartland Express during the 3rd quarter worth approximately $124,000. 53.45% of the stock is currently owned by institutional investors.

Heartland Express Company Profile

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.