Press coverage about Rush Enterprises (NASDAQ:RUSHB) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Rush Enterprises earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media stories about the company an impact score of 46.7213773429986 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Separately, ValuEngine raised shares of Rush Enterprises from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd.
RUSHB stock traded up $0.52 during trading hours on Tuesday, reaching $40.81. The stock had a trading volume of 35,121 shares, compared to its average volume of 10,505. The stock has a market cap of $1,635.15, a P/E ratio of 18.24 and a beta of 1.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.17 and a quick ratio of 0.29. Rush Enterprises has a fifty-two week low of $31.92 and a fifty-two week high of $52.76.
Rush Enterprises announced that its board has initiated a share repurchase program on Wednesday, March 14th that authorizes the company to buyback $35.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.
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Rush Enterprises Company Profile
Rush Enterprises, Inc, through its subsidiaries, operates as an integrated retailer of commercial vehicles and related services in the United States. The company operates a network of commercial vehicle dealerships under the Rush Truck Centers name. Its Rush Truck Centers primarily sell commercial vehicles manufactured by Peterbilt, International, Hino, Ford, Isuzu, Mitsubishi Fuso, IC Bus, or Blue Bird; provides new and used commercial vehicles, and aftermarket parts, as well as service and repair, financing, and leasing and rental services; and offers property and casualty insurance, including collision and liability insurance on commercial vehicles, cargo insurance, and credit life insurance to its commercial vehicle customers.
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