Knight Transportation Stock Hits New 52-Week Low (KNX)

NEW YORK ( TheStreet) -- Knight Transportation (NYSE: KNX) hit a new 52-week low Tuesday as it is currently trading at $12.68, below its previous 52-week low of $12.78 with 19,030 shares traded as of 9:36 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Knight Transportation has a market cap of $1.1 billion and is part of the services sector and transportation industry. Shares are down 32.3% year to date as of the close of trading on Monday.

Knight Transportation, Inc., together with its subsidiaries, operates as a short to medium-haul truckload carrier of general commodities in the United States. The company has a P/E ratio of 19.6, above the average transportation industry P/E ratio of 19.3 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Knight Transportation as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Knight Transportation Ratings Report.

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