Stocks of Marten Transport, Ltd (NASDAQ:MRTN) traded higher last session on Wall Street, down -0.77% to $12.86.
MRTN stock price is now -2.38% away from the 50-day moving average and -15.62% away from the 200-day moving average. The market capitalization of the company currently stands at $1.05B.
On July 09, 2024, Vertical Research Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $22 to quote $19, while ‘Raymond James’ rates the stock as ‘Outperform’
In other news, BAUER JERRY M, Director bought 20,000 shares of the company’s stock on Apr 28 ’25. The stock was bought for $257,660 at an average price of $12.88. Upon completion of the transaction, the Director now directly owns 176,444 shares in the company, valued at $2.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 30 ’24, Director BAUER JERRY M bought 10,000 shares of the business’s stock. A total of $158,051 was incurred on buying the stock at an average price of $15.81. This leaves the insider owning 156,444 shares of the company worth $2.01 million. A total of 29.51% of the company’s stock is owned by insiders.
During the past 12 months, Marten Transport, Ltd has had a low of $12.52 and a high of $19.26. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.48, and a quick ratio of 1.48.
The net profit margin was 2.31% and return on equity was 2.83% for MRTN. The company reported revenue of $223.15 million for the quarter, compared to $249.67 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.62 percent.
