Shares of YRC Worldwide Inc (NASDAQ:YRCW) were up 16.3% on Tuesday . The stock traded as high as $2.85 and last traded at $2.78, approximately 2,956,051 shares traded hands during trading. An increase of 117% from the average daily volume of 1,361,082 shares. The stock had previously closed at $2.39.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research reissued a “sell” rating on shares of YRC Worldwide in a research report on Saturday. ValuEngine raised shares of YRC Worldwide from a “hold” rating to a “buy” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. YRC Worldwide currently has a consensus rating of “Hold” and a consensus target price of $7.08.

The firm has a market capitalization of $100.78 million, a price-to-earnings ratio of 6.18 and a beta of 4.50. The business has a fifty day moving average price of $2.73 and a 200 day moving average price of $3.22.

YRC Worldwide (NASDAQ:YRCW) last issued its earnings results on Thursday, October 31st. The transportation company reported ($0.14) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.03. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.09 EPS. YRC Worldwide’s revenue was down 3.6% compared to the same quarter last year. As a group, analysts predict that YRC Worldwide Inc will post -2.39 earnings per share for the current year.

A number of large investors have recently made changes to their positions in YRCW. IHT Wealth Management LLC purchased a new position in shares of YRC Worldwide in the 3rd quarter worth about $30,000. Metropolitan Life Insurance Co NY purchased a new stake in shares of YRC Worldwide during the 1st quarter worth about $77,000. Public Employees Retirement System of Ohio increased its position in YRC Worldwide by 49.1% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 13,136 shares of the transportation company’s stock worth $40,000 after purchasing an additional 4,327 shares in the last quarter. First Allied Advisory Services Inc. acquired a new stake in YRC Worldwide during the 3rd quarter worth approximately $51,000. Finally, Marshall Wace North America L.P. purchased a new position in YRC Worldwide in the second quarter valued at approximately $216,000. Institutional investors own 66.99% of the company’s stock.

About YRC Worldwide (NASDAQ:YRCW)

YRC Worldwide Inc, through its subsidiaries, provides a range of transportation services primarily in North America. The company operates in two segments, YRC Freight and Regional Transportation. The YRC Freight segment offers various services to transport industrial, commercial, and retail goods; and provides specialized services, including guaranteed expedited services, time-specific deliveries, cross-border services, coast-to-coast air delivery, product returns, temperature-sensitive shipment protection, and government material shipments.

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