Marten Transport (MRTN, Financial) experienced a significant stock drop of 5.00%. The stock is currently priced at $15.49 per share, with a trading volume of 358,780 shares and a turnover rate of 0.44%. The stock's price fluctuation is notable at 8.71%.
Recent financial reports indicate that Marten Transport generated $964 million in revenue, with a net profit of $26.92 million. Earnings per share stand at $0.33, and the gross profit is $67.29 million, resulting in a price-to-earnings ratio of 46.94.
Regarding analyst ratings, 33% of the three rating institutions recommend buying the stock, while 67% suggest holding. No institutions have advised selling.
Within the freight industry, the overall decline is 1.27%. Among related stocks, Pamt Corp, XPO Logistics, and Best Group have seen significant increases. Rxo, Inc., Knight-Swift Transportation Holdings Inc., and Heartland Express are active, with turnover rates of 0.73%, 0.47%, and 0.45%, respectively. Stocks with notable price fluctuations include Toppoint Holdings Inc., Marten Transport, and Mingzhu Logistics, with respective fluctuations of 39.55%, 8.71%, and 8.10%.
Marten Transport Ltd specializes in temperature-sensitive trucking services, focusing on transporting and distributing food and packaged consumer goods requiring controlled environments. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage, with the Truckload segment generating the highest revenue through regional and long-haul services.
