ArcBest Corporation (NASDAQ:ARCB) stock reported trading -32.43% off 52-week high price. On the other end, the stock has been noted 61.96% away from low price over the last 52-weeks. The stock disclosed a move of 13.87% away from 50 day moving average and -15.76% away from 200 day moving average. Moving closer, we can see that shares have been trading 13.78% off 20-day moving average. It has market cap of $559.02M and dividend yield of 1.46%.
On May 05, 2020, ArcBest Corporation (NASDAQ:ARCB) a leading logistics company declared first quarter 2020 revenue of $701.4 million compared to first quarter 2019 revenue of $711.8 million. First quarter 2020 operating income was $7.8 million compared to operating income of $8.6 million in the same period last year. Net income was $1.9 million or $0.07 per diluted share compared to first quarter 2019 net income of $4.9 million, or $0.18 per diluted share.
Excluding certain items in both periods as identified in the attached reconciliation tables, non-GAAP operating income was $12.4 million in first quarter 2020 compared to first quarter 2019 non-GAAP operating income of $11.3 million. On a non-GAAP basis, net income was $9.4 million, or $0.36 per diluted share, in first quarter 2020 compared to first quarter 2019 net income of $6.7 million, or $0.25 per diluted share.
The effects of the coronavirus pandemic began impacting our customers’ businesses in late March, said Judy R. McReynolds, Chairman, President and CEO of ArcBest. In some cases, we began handling new shipments related to the pandemic while we also started to experience impacts of reduced demand and facility closures from other customers. Though this contributed to reductions in shipments, and revenue that was somewhat below previous expectations, operational resources and the associated costs were effectively managed to available business levels. As a result, the COVID-19 pandemic did not have a significant impact on our financial results in first quarter 2020. In fact, it was one of the best first quarters in our company’s history. However, in April we experienced significant business declines in all operating segments.2
The USA based company ArcBest Corporation moved with change of 13.98% to $21.93 with the total traded volume of 308817 shares in recent session versus to an average volume of 261.49K shares. The stock was observed in the 5 days activity at 8.14%. The one month performance of stock was 31.47%. ARCB’s shares are at -3.09% for the quarter and driving a -26.95% return over the course of the past year and is now at -20.54% since this point in 2018. Right now the stock beta is 1.55. The average volatility for the week and month was at 6.99% and 5.80% respectively. There are 25.49M shares outstanding and 24.92M shares are floated in market.