Marten Transport, Ltd. stock trades under the ticker MRTN & has recently shown bullish behavior that traders & investors should take a closer look into.
MRTN stock closed at $16.83/share on 7/5/2022.
Marten Transport, Ltd. MRTN Stock’s Technical Performance Broken Down
MRTN Stock Price: $16.83
10 Day Moving Average: $16.76
50 Day Moving Average: $17.36
200 Day Moving Average: $16.91
RSI: 46.36
MACD: -0.17
Yesterday, MRTN stock completed a bullish MACD crossover, settling just above its 10 day moving average.
Their RSI is still neutral, and their recent trading volumes have been below average for the year, signaling that there may be more momentum in the near-term, pending how broader indexes move.
They will need to break above the $17.03 resistance level to continue climbing higher.
Marten Transport, Ltd. MRTN Stock As A Long-Term Investment
Long-term focused investors will like MRTN stock’s P/E (ttm) of 14.91, but may find their P/B (mrq) to be a bit rich at 2.13.
They recently reported 28.8% Quarterly Revenue Growth Y-o-Y, with 52.9% Quarterly Earnings Growth Y-o-Y.
Their balance sheet reports $66.53M of Total Cash (mrq), with $538K of Total Debt (mrq), which investors will find appealing.
MRTN stock pays a 1.07% dividend, which appears stable in the long-term as their payout ratio is 15.93%.
70.73% of MRTN stock’s outstanding share float is owned by institutional investors.
Marten Transport, Ltd. MRTN Stock As A Short-Term Trade Using Options
Short-term focused traders can use options to profit from MRTN stock’s price movements, while hedging against market volatility.
There is limited liquidity in the July & August expiration dates, so I am looking at the contracts that expire on 9/16.
The $15 & $10 calls are both in-the-money, listed in order of most to least liquid.
The $20 & $17.50 puts are also both in the money, listed from highest to lowest open interest levels.
Tying It All Together
MRTN stock has many characteristics that traders & investors are sure to find appealing.
Investors will like their balance sheet & recent growth, but may be disappointed by their dividend yield.
Traders will like their current technical set up, but will be disappointed by how illiquid their options are.
Overall, it is worth researching how MRTN stock fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF MRTN STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***