Rush Enterprises (RUSHA) Hits New 52-Week Low at $37.78

Rush Enterprises, Inc. (NASDAQ:RUSHA)’s share price reached a new 52-week low on Monday . The stock traded as low as $37.78 and last traded at $37.85, with a volume of 1301 shares changing hands. The stock had previously closed at $38.57.

A number of equities research analysts have recently commented on RUSHA shares. Zacks Investment Research raised Rush Enterprises from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, June 27th. ValuEngine lowered Rush Enterprises from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 2nd. Buckingham Research reaffirmed a “buy” rating on shares of Rush Enterprises in a research report on Tuesday, October 2nd. Finally, BidaskClub lowered Rush Enterprises from a “hold” rating to a “sell” rating in a research report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $51.43.

The stock has a market capitalization of $1.54 billion, a P/E ratio of 16.69, a PEG ratio of 0.78 and a beta of 1.32. The company has a quick ratio of 0.29, a current ratio of 1.15 and a debt-to-equity ratio of 0.46.

Rush Enterprises (NASDAQ:RUSHA) last posted its quarterly earnings data on Tuesday, July 24th. The company reported $0.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.73 by $0.19. The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Rush Enterprises had a return on equity of 12.17% and a net margin of 3.68%. On average, equities research analysts predict that Rush Enterprises, Inc. will post 3.36 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the stock. Xact Kapitalforvaltning AB grew its holdings in shares of Rush Enterprises by 25.7% during the second quarter. Xact Kapitalforvaltning AB now owns 6,351 shares of the company’s stock worth $276,000 after buying an additional 1,300 shares in the last quarter. Systematic Financial Management LP grew its stake in Rush Enterprises by 2.6% in the second quarter. Systematic Financial Management LP now owns 54,908 shares of the company’s stock valued at $2,382,000 after purchasing an additional 1,387 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Rush Enterprises by 13.3% in the second quarter. Gamco Investors INC. ET AL now owns 15,617 shares of the company’s stock valued at $677,000 after purchasing an additional 1,828 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in Rush Enterprises by 15.6% in the first quarter. Cubist Systematic Strategies LLC now owns 13,656 shares of the company’s stock valued at $580,000 after purchasing an additional 1,844 shares in the last quarter. Finally, Strs Ohio grew its stake in Rush Enterprises by 8.9% in the second quarter. Strs Ohio now owns 23,300 shares of the company’s stock valued at $1,010,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 75.35% of the company’s stock.

About Rush Enterprises (NASDAQ:RUSHA)

Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.

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