YRC Worldwide (NASDAQ:YRCW) Shares Down 0.6%

Shares of YRC Worldwide Inc (NASDAQ:YRCW) were down 0.6% on Monday . The stock traded as low as $3.50 and last traded at $3.54, approximately 18,877 shares traded hands during trading. A decline of 99% from the average daily volume of 1,609,696 shares. The stock had previously closed at $3.56.

Several research analysts recently weighed in on YRCW shares. ValuEngine upgraded YRC Worldwide from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Stephens set a $5.00 target price on YRC Worldwide and gave the stock a “hold” rating in a research note on Monday, August 12th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.85.

The company has a 50 day simple moving average of $2.87 and a two-hundred day simple moving average of $4.75. The firm has a market cap of $113.01 million, a PE ratio of 7.13 and a beta of 4.59.

YRC Worldwide (NASDAQ:YRCW) last posted its quarterly earnings results on Friday, August 9th. The transportation company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.24 by ($0.95). The firm had revenue of $1.27 billion for the quarter, compared to analysts’ expectations of $1.29 billion. YRC Worldwide had a negative net margin of 0.96% and a negative return on equity of 1.93%. The firm’s revenue for the quarter was down 4.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, sell-side analysts forecast that YRC Worldwide Inc will post -2.14 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Royce & Associates LP purchased a new stake in YRC Worldwide during the 1st quarter valued at about $38,000. BNP Paribas Arbitrage SA grew its stake in YRC Worldwide by 86.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 7,215 shares of the transportation company’s stock valued at $48,000 after purchasing an additional 3,335 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in YRC Worldwide during the 1st quarter valued at about $77,000. Commonwealth Equity Services LLC purchased a new stake in YRC Worldwide during the 2nd quarter valued at about $54,000. Finally, MetLife Investment Advisors LLC purchased a new stake in YRC Worldwide during the 1st quarter valued at about $108,000. Institutional investors and hedge funds own 81.82% of the company’s stock.

About YRC Worldwide (NASDAQ:YRCW)

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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