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.
NEW YORK ( TheStreet) -- 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 Tuesday and opened today's trading at $5.07. The average volume for Vitran has been 118,000 shares per day over the past 30 days. Vitran has a market cap of $85.7 million and is part of the services sector and transportation industry. Shares are down 58.8% year to date as of the close of trading on Tuesday. Vitran Corporation Inc. provides freight surface transportation and related supply chain services in Canada and the United States. The company operates in two operating segments, Less-than-truckload services (LTL), and Supply Chain Operation (SCO). TheStreet Ratings rates Vitran as a 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, weak operating cash flow and generally weak debt management. You can view the full Vitran Ratings Report. Get more investment ideas from our investment research center. Interested in other stocks that are gapping down? Get free SMS text alerts sent to you when the action happens by texting DOWN to 95370 or select from multiple alert options.