News articles about Rush Enterprises (NASDAQ:RUSHB) have trended somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Rush Enterprises earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.8233417439719 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Rush Enterprises (RUSHB) opened at $48.66 on Wednesday. The stock has a market capitalization of $1,838.34, a PE ratio of 23.91 and a beta of 0.96. The company has a current ratio of 1.16, a quick ratio of 0.29 and a debt-to-equity ratio of 0.55. Rush Enterprises has a 12-month low of $28.16 and a 12-month high of $51.39.
Rush Enterprises announced that its Board of Directors has initiated a share buyback plan on Thursday, November 30th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.
Rush Enterprises, Inc is an integrated retailer of commercial vehicles and related services. The Company operates through the Truck Segment, which includes its operation of a regional network of commercial vehicle dealerships under the name Rush Truck Centers. Through its Rush Truck Centers, it offers services, including retail sales of new and used commercial vehicles, aftermarket parts sales, service and repair facilities, financing, leasing and rental, and insurance products.
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