** Shares of Martin Transport Ltd fell 1.5% to $16.22

** Co posts Q3 operating rev of $237.3 mln, down from $279.5 mln a year ago

** MRTN reports Q3 EPS of $0.05 vs $0.17 last year

** "Earnings were heavily pressured by the considerable duration and depth of the freight market recession's oversupply and weak demand," said Executive Chairman Randolph Marten

** 1 of 3 brokerages covering the stock rate it "strong buy" and 2 "hold"; their median PT is $18.33

** As of last close, stock down ~20.50%

(Reporting by Ankita Bora in Bengaluru)

((Ankita.Bora@thomsonreuters.com))