Marten Transport Ltd. (MRTN) is one of the best performing stocks in the services sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on April 21. Shares of MRTN have climbed 8.18% about 30 minutes into the session to $23.8 after closing the day prior at $22.0. It’s early, but the stock has traded as high as $24.6 and as low as $22.55 so far. Today’s quick advance has come with about 44,527 shares changing hands, compared to an average 30-day volume of 115,789 for Marten Transport Ltd.. The price is currently below the 30-day volume weighted average price of $23.61 for MRTN.
The share appreciation gives the company a market capitalization of $718.61 million based upon 32.66 million shares outstanding. It also means that MRTN has a price-to-book ratio of 1.62:1 and a price-to-earnings ratio of 21.3:1.
In the past 52 weeks, shares of MRTN have traded as low as $18.05 and as high as $27.05. Technical traders will take note that at $23.8, shares of MRTN are trading above their 200-day MA at $22.49 and above their 50-day MA at $23.63. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is MRTN?
Marten Transport Ltd is a temperature-sensitive truckload carriers in the United States. It transports and distributes food and other consumer packaged goods that require a temperature-controlled or insulated environment. The company’s 3622 employees are led by CEO Randolph L. Marten from the corporate headquarters at 129 Marten Street.
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