Capacity solutions provider USA Truck, Inc. (USAK) recently reported a solid fourth-quarter earnings report, as it yielded its sixth straight quarter of record adjusted earnings per share. The company recently completed a $130 million asset-backed credit facility that provided more predictable equipment valuation and increased borrowing capacity, as well as equipment financing arrangements that secure low-cost fixed interest rates.
The stock has gained 36.7% over the past month to close yesterday’s trading session at $24.38. In addition, it is currently trading 16.2% below its 52-week high of $29.09, which it hit on February 17, 2022. Moreover, the strong freight and pricing market makes its near-term prospects bright.
