NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $4.67 as of two p.m. ET, 20.4% above Friday's closing price of $3.88. Volume is at 77,807, 0.9 times the daily average of 84,300.
Covenant Transportation Group has a market cap of $47.7 million and is part of the
industry. Shares are down 59.9% year to date as of the close of trading on Friday.
Covenant Transportation Group, Inc., together with its subsidiaries, offers truckload transportation and brokerage services primarily in the continental United States. The company provides long haul, dedicated, regional solo-driver, and regional temperature-controlled services. The company has a P/E ratio of 32.2, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Covenant Transportation Group as a
. The company's strengths can be seen in multiple areas, such as its revenue growth and notable return on equity. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, unimpressive growth in net income and poor profit margins. You can view the full
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