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

NEW YORK ( TheStreet) -- Arkansas Best Corporation (Nasdaq: ABFS) hit a new 52-week low Monday as it is currently trading at $12.25, below its previous 52-week low of $12.30 with 92,153 shares traded as of 11:55 a.m. ET. Average volume has been 345,800 shares over the past 30 days.

Arkansas Best has a market cap of $322.1 million and is part of the services sector and transportation industry. Shares are down 34.5% year to date as of the close of trading on Friday.

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 421.7, above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Arkansas Best as a sell. Among the areas we feel are negative, one of the most important has been unimpressive growth in net income over time. You can view the full Arkansas Best Ratings Report.

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