NEW YORK ( TheStreet) -- Vitran Corporation (Nasdaq: VTNC) has been downgraded by TheStreet Ratings from hold to sell. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity and poor profit margins. Vitran Corporation Inc., together with its subsidiaries, provides freight surface transportation and related supply chain services in Canada and the United States. The company has a P/E ratio of 1340, above the S&P 500 P/E ratio of 23.5. Vitran has a market cap of $218.4 million and is part of the services sector and transportation industry. Shares are down 3.4% year to date as of the close of trading on Thursday.
Shares of Vitran Corporation (Nasdaq:VTNC) were gapping down Wednesday morning with an open price 10.1% lower than Tuesday's closing price. The stock closed at $5.64 yesterday and opened today's trading at $5.07.