News coverage about Rush Enterprises (NASDAQ:RUSHB) has trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Rush Enterprises earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.9968602860569 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Rush Enterprises (RUSHB) traded down $0.57 during midday trading on Friday, hitting $48.21. The stock had a trading volume of 8,475 shares, compared to its average volume of 20,456. The company has a market capitalization of $1,937.53, a price-to-earnings ratio of 24.98 and a beta of 0.96. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.29 and a current ratio of 1.16. Rush Enterprises has a one year low of $28.99 and a one year high of $51.39.
Rush Enterprises declared that its board has approved a share buyback program on Thursday, November 30th that authorizes the company to buyback $40.00 million in outstanding 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 of directors believes its shares are undervalued.
Rush Enterprises Company Profile
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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