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Forward Air shares are given sell rating by Zacks Investment Research
THE shares of Nasdaq-listed Forward Air Corporation, a provider of time-definite surface transportation and related logistics services to the North American air freight and expedited less-than-truckload (LTL) market, have been downgraded by Zacks Investment Research to a sell rating from a hold rating.
Forward Air traded down 0.21 per cent during mid-day trading on January 6, hitting US$43.50. Some 401,080 shares of the company traded hands. The company's 50-day moving average is $45.29 and its 200-day moving average is $46.33, reported EMQ online.
Forward Air has a one year low of $40.52 and a one year high of $57.65. The stock has a market capitalisation of $1.34 billion and a price-to-earnings ratio of 27.55.
The company last released its quarterly earnings data on October 21. The company reported $0.58 earnings per share for the quarter and revenue of $247.1 million, which was up 22.6 per cent compared to the same quarter in 2014.
Forward Air traded down 0.21 per cent during mid-day trading on January 6, hitting US$43.50. Some 401,080 shares of the company traded hands. The company's 50-day moving average is $45.29 and its 200-day moving average is $46.33, reported EMQ online.
Forward Air has a one year low of $40.52 and a one year high of $57.65. The stock has a market capitalisation of $1.34 billion and a price-to-earnings ratio of 27.55.
The company last released its quarterly earnings data on October 21. The company reported $0.58 earnings per share for the quarter and revenue of $247.1 million, which was up 22.6 per cent compared to the same quarter in 2014.
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