YRC Worldwide Inc. (YRCW) Company Brief
YRC Worldwide Inc. (YRCW) Company Brief
Shares of YRC Worldwide Inc. (NASDAQ: YRCW) are down in today’s trading. The penny stock touched a 52-week low of $0.14 today. At last check, it was down 6.07% to $0.141, with volume at 29.20 million in mid-day trading.
The penny stock has a 52-week range of $0.14-$6.18 and it currently trades below its 50-day and 200-day moving averages of $0.37 and $1.25, respectively. The penny stock has seen support at $0.14 and has met with strong resistance at $0.19.
Overland Park, Kansas-based YRC offers a variety of transportation services, through its subsidiaries. The company provides transportation and logistics services.
Last week, YRC announced the signing of a definitive agreement to sell part of its YRC Logistics business to Austin Ventures for $37 million. The transaction is likely to be completed in the next 30-35 days.
Earlier this month, the company confirmed that it will achieve positive adjusted EBITDA on consolidated basis and positive operating income for its Regional Transportation segment for the second quarter of this year.
For the first quarter, YRC reported a loss per share of $0.33. For the same period last year, the company has reported loss per share of $4.61. The company reported operating cash flow of $18 million for the first quarter.
For the full year, the company expects gross capital expenditures to be in the range of $50 to $75 million and real estate sales to be in the range of $25 to $50 million.
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