Quality Distribution Inc. ( QLTY ) saw a big move last session, as the company's shares fell by 5% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for QLTY, as the stock is now down 9.8% since Feb 21.
This slump shouldn't be too much of a surprise to investors, as the transportation service providing company has seen 1 negative revision in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
QLTY currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is 0.00%.
Some better-ranked stocks in the transportation sector include P.A.M. Transportation Services, Inc. ( PTSI ), Covenant Transportation Group, Inc. ( CVTI ) and Forward Air Corp. ( FWRD ). While P.A.M. Transportation carries a Zacks Rank #1 (Strong Buy), Covenant Transportation and Forward Air hold a Zacks Rank #2 (Buy).
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