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Old Dominion Freight Line Stock Went Down By Over 10% At Session Start On Wednesday

(VIANEWS) – Shares of Old Dominion Freight Line (NASDAQ: ODFL) slid by a staggering 10.94% to $302.24 at 10:43 EST on Wednesday, following the last session’s downward trend. NASDAQ is jumping 0.96% to $11,912.30, after two consecutive sessions in a row of losses. This seems, so far, a somewhat bullish trend exchanging session today.

Old Dominion Freight Line’s last close was $339.37, 11.12% under its 52-week high of $381.81.

About Old Dominion Freight Line

Old Dominion Freight Line, Inc. operates as a less-than-truckload (LTL) motor carrier in the United States and North America. It provides regional, inter-regional, and national LTL services, including expedited transportation. The company also offers various value-added services, such as container drayage, truckload brokerage, and supply chain consulting. As of December 31, 2022, it owned and operated 11,274 tractors, 31,252 linehaul trailers, and 14,315 pickup and delivery trailers; 44 fleet maintenance centers; and 255 service centers. Old Dominion Freight Line, Inc. was founded in 1934 and is headquartered in Thomasville, North Carolina.

Earnings Per Share

As for profitability, Old Dominion Freight Line has a trailing twelve months EPS of $12.18.

PE Ratio

Old Dominion Freight Line has a trailing twelve months price to earnings ratio of 24.81. Meaning, the purchaser of the share is investing $24.81 for every dollar of annual earnings.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 37.56%.

Moving Average

Old Dominion Freight Line’s value is way below its 50-day moving average of $340.74 and higher than its 200-day moving average of $301.53.

Yearly Top and Bottom Value

Old Dominion Freight Line’s stock is valued at $302.24 at 10:43 EST, way below its 52-week high of $381.81 and way higher than its 52-week low of $231.31.

More news about Old Dominion Freight Line (ODFL).

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