Arkansas Best Stock Hits New 52-Week Low (ABFS)

NEW YORK ( TheStreet) -- Arkansas Best Corporation (Nasdaq: ABFS) hit a new 52-week low Tuesday as it is currently trading at $14.20, below its previous 52-week low of $14.22 with 174,399 shares traded as of 12:30 p.m. ET. Average volume has been 312,600 shares over the past 30 days.

Arkansas Best has a market cap of $373.3 million and is part of the services sector and transportation industry. Shares are down 24.2% year to date as of the close of trading on Monday.

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 489, 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.

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