Arkansas Best Stock Gaps Down On Today's Open (ABFS)
Shares of Arkansas Best Corporation (Nasdaq:ABFS) were gapping down Friday morning with an open price 10.8% lower than Thursday's closing price. The stock closed at $17.38 yesterday and opened today's trading at $15.51.
NEW YORK ( TheStreet) -- Shares of Arkansas Best Corporation (Nasdaq: ABFS) were gapping down Friday morning with an open price 10.8% lower than Thursday's closing price. The stock closed at $17.38 Thursday and opened today's trading at $15.51. The average volume for Arkansas Best has been 284,800 shares per day over the past 30 days. Arkansas Best has a market cap of $454.3 million and is part of the services sector and transportation industry. Shares are down 9.8% year to date as of the close of trading on Thursday. Arkansas Best Corporation, through its subsidiaries, engages in motor carrier freight transportation in the United States. The company provides shipping services to its customers by transporting various large and small shipments to geographically dispersed destinations. The company has a P/E ratio of 77.6, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Arkansas Best as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. 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 Arkansas Best Ratings Report. Get more investment ideas from our investment research center.