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Marten Transport Announces First Quarter Results
Globe Newswire (Thu, 18-Apr 4:01 PM ET)
MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
Globe Newswire (Tue, 20-Feb 4:02 PM ET)
Marten Transport Ltd is a temperature-sensitive truckload carrier in the United States. It is engaged in transporting and distributing food and other consumer packaged goods which requires a temperature-controlled or insulated environment. The company operates through four segments including Truckload, Dedicated, Intermodal, and Brokerage. It generates maximum revenue from the Truckload segment. The Truckload segment provides a combination of regional short-haul and medium-to-long-haul full-load transportation services.
Marten Transport Ltd. trades on the NASDAQ stock market under the symbol MRTN.
As of May 3, 2024, MRTN stock price climbed to $17.44 with 299,138 million shares trading.
MRTN has a beta of 1.07, meaning it tends to be more sensitive to market movements. MRTN has a correlation of 0.35 to the broad based SPY ETF.
MRTN has a market cap of $1.42 billion. This is considered a Small Cap stock.
Last quarter Marten Transport Ltd. reported $250 million in Revenue and $.12 earnings per share. This fell short of revenue expectation by $-13 million and met earnings estimates .
In the last 3 years, MRTN stock traded as high as $23.43 and as low as $14.72.
The top ETF exchange traded funds that MRTN belongs to (by Net Assets): IJR, VTI, IWM, AVUV, VXF.
MRTN has underperformed the market in the last year with a return of -13.7%, while the SPY ETF gained +26.1%. In the last 3 month period, MRTN fell short of the market, returning -9.0%, while SPY returned +3.7%. However, in the most recent 2 weeks MRTN has outperformed the stock market by returning +9.2%, while SPY returned +2.4%.
MRTN support price is $16.95 and resistance is $17.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MRTN stock will trade within this expected range on the day.