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Quality Distribution Inc. (QLTY) Stock UP 96% On The Year

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Quality Distribution Inc. QLTY Stock UP 96% On The Year

Quality Distribution Inc. (QLTY) operates the largest bulk tank truck network in North America based on bulk service revenues. The bulk tank truck market in North America includes all items shipped by bulk tank truck carriers and consists primarily of the shipping of chemicals, gasoline, and food-grade products.

Shares of (QLTY) sold off earlier this week as analyst John Larkin of Stifel Nicolaus downgraded the stock from buy to hold simply because he believes the stock has little room to grow over the next 12 months. He believes that because (QLTY) has soared 96% since the beginning of the year it doesn’t have much room to grow.

Quality Distribution Inc. (QLTY), now trading at around $7.38 a share, is another worthwhile affordable stock you might want to own. With the US economy starting to show signs of recovery and companies needing to increase their supply of raw materials to produce the increasing demand for goods, the need to transport these raw materials will also increase and with (QLTY) being the largest bulk tank truck network in North America their profits will also increase.

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