Saia, Inc. (NASDAQ:SAIA) Stock Traded Higher Than Its 50 Day Moving Average

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Shares of the company are trading at $59.25 slightly over the 50 day moving average of $55.02 and much higher than the 200 day moving average of $49.25. The 50 day moving average went up by +7.69% and the 200 day average went up $10.00 or +20.30%. Trading was light with 106K shares changing hands in the last trading session. Volume was down 20.11% under the stocks average daily volume.

Investors are feeling more bullish lately as indicated by the motion in short interest. The stock had a fall in short interest of -4.85% as of August 31, 2017 from the last reporting period. Short shares fell 39,968 over that timeframe. Days to cover decreased from 4.0 to 4.0 and the percentage of shorted shares was 0.03% on August 31.

These funds have shifted positions in (SAIA). Chartwell Investment Partners, LLC downsized its ownership by shedding 13,125 shares a decrease of 4.1% from 03/31/2017 to 06/30/2017. Chartwell Investment Partners, LLC owns 307,703 shares worth $15,785,000. The total value of its holdings increased 11.1%. As of quarter end Cubist Systematic Strategies, LLC had sold 1,228 shares trimming its position 21.1%. The value of the company’s investment in Saia, Inc. decreased from $258,000 to $236,000 decreasing 8.5% quarter to quarter.

As of the end of the quarter Pacad Investment Ltd. had disposed of a total of 4,100 shares trimming its holdings by 93.2%. The value of the investment in Saia, Inc. went from $195,000 to $15,000 a change of 92.3% for the reporting period. Ubs Group Ag cut its holdings by selling 2 shares a decrease of 7.7%. Ubs Group Ag controls 24 shares valued at $1,000. The value of the position overall is down by 0.0%.

The P/E ratio is 28.75 and market cap is 1.50B. As of the latest earnings report the EPS was $2.06 and is projected to be $2.19 for the current year with 25,278,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.49 with next year’s EPS projected to be $2.75.

Saia, Inc., launched on February 4, 2000, is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States..