Radiant Logistics (NYSEAMERICAN:RLGT) Trading Down 5.6%
Radiant Logistics Inc (NYSEAMERICAN:RLGT) dropped 5.6% during trading on Monday . The stock traded as low as $5.24 and last traded at $5.24, approximately 481,526 shares traded hands during trading. An increase of 34% from the average daily volume of 358,644 shares. The stock had previously closed at $5.55.
RLGT has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. Cowen set a $7.00 price target on shares of Radiant Logistics and gave the company a “buy” rating in a research note on Friday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Radiant Logistics presently has a consensus rating of “Buy” and a consensus target price of $7.42.
Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings results on Thursday, September 12th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $204.65 million for the quarter, compared to analysts’ expectations of $220.47 million.
Radiant Logistics Company Profile (NYSEAMERICAN:RLGT)
Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.
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