ETS (NASDAQ:ETS) Trading Up 3.2% – Should You Buy?

ETS (NASDAQ:ETS) shot up 3.2% during mid-day trading on Tuesday . The company traded as high as $0.4749 and last traded at $0.4749. 13,120 shares were traded during mid-day trading, a decline of 72% from the average session volume of 46,967 shares. The stock had previously closed at $0.46.

Key Stories Impacting ETS

Here are the key news stories impacting ETS this week:

• Positive Sentiment: AmericanBankingNews flagged a near-term rally in ETS shares (reported up ~3.2%), which can attract momentum traders and short-term buyers looking for follow-through. ETS (NASDAQ:ETS) Shares Up 3.2% – What’s Next?
• Neutral Sentiment: A short-interest posting for March shows an apparent “significant increase,” but the published figures are 0 shares (and NaN change) with a days-to-cover of 0.0 — this appears to be a data or reporting anomaly rather than actionable evidence of rising short pressure. Investors should treat the short-interest data as unreliable until a corrected report is issued.
• Negative Sentiment: Liquidity and valuation risk: ETS is trading at the low end of its 52-week range (near its 52-week low) and intraday volume is below its average, so price moves can be amplified by low participation. That raises downside risk if the early headline fails to attract sustained buying interest.

Wall Street Analyst Weigh In

Separately, Weiss Ratings initiated coverage on shares of ETS in a report on Wednesday, January 14th. They issued a “sell (e-)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

ETS Stock Down 4.2%

About ETS

Elite Express Holding Inc is a holding company which conducts its operations through its wholly owned subsidiary, JAR Transportation Inc It provides last-mile delivery services, primarily focused on transporting packages from distribution centers to end customers. Elite Express Holding Inc is based in LAGUNA HILLS, Calif.