Rush Enterprises (NASDAQ:RUSHB) Reaches New 12-Month Low at $34.74

Shares of Rush Enterprises, Inc. (NASDAQ:RUSHB) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $34.74 and last traded at $43.19, with a volume of 5318 shares traded. The stock had previously closed at $42.90.

RUSHB has been the subject of a number of analyst reports. BidaskClub lowered Rush Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered Rush Enterprises from a “hold” rating to a “sell” rating in a research report on Tuesday, December 3rd.

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.14 and a quick ratio of 0.23. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 9.97 and a beta of 1.12. The company has a fifty day moving average price of $45.52 and a two-hundred day moving average price of $42.78.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, February 25th will be issued a $0.13 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.52 annualized dividend and a dividend yield of 1.20%.

Several institutional investors have recently made changes to their positions in RUSHB. BlackRock Inc. lifted its holdings in shares of Rush Enterprises by 3.9% in the second quarter. BlackRock Inc. now owns 272,601 shares of the company’s stock valued at $10,062,000 after buying an additional 10,246 shares during the period. Barclays PLC lifted its holdings in shares of Rush Enterprises by 191.5% in the fourth quarter. Barclays PLC now owns 6,809 shares of the company’s stock valued at $311,000 after buying an additional 4,473 shares during the period. State Street Corp lifted its holdings in shares of Rush Enterprises by 4.2% in the third quarter. State Street Corp now owns 107,354 shares of the company’s stock valued at $4,287,000 after buying an additional 4,364 shares during the period. Baker Ellis Asset Management LLC acquired a new stake in shares of Rush Enterprises in the fourth quarter valued at $114,000. Finally, Morgan Stanley lifted its holdings in shares of Rush Enterprises by 207.4% in the second quarter. Morgan Stanley now owns 3,486 shares of the company’s stock valued at $129,000 after buying an additional 2,352 shares during the period. Institutional investors and hedge funds own 10.08% of the company’s stock.

Rush Enterprises Company Profile (NASDAQ:RUSHB)

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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