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

NEW YORK ( TheStreet) -- Arkansas Best Corporation (Nasdaq: ABFS) hit a new 52-week low Thursday as it is currently trading at $12.96, below its previous 52-week low of $12.99 with 92,921 shares traded as of 11:30 a.m. ET. Average volume has been 340,200 shares over the past 30 days.

Arkansas Best has a market cap of $331.3 million 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 Wednesday.

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 433.7, 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 revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we find that the growth in the company's net income has been quite unimpressive. You can view the full Arkansas Best Ratings Report.

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