Rand Logistics, Inc. (NASDAQ:RLOG) gapped down prior to trading on Wednesday . The stock had previously closed at $0.61, but opened at $0.67. Rand Logistics shares last traded at $0.80, with a volume of 3671400 shares.
Separately, ValuEngine upgraded Rand Logistics from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th.
Rand Logistics (NASDAQ:RLOG) last posted its quarterly earnings data on Monday, August 14th. The shipping company reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.41). The firm had revenue of $32.34 million during the quarter. Rand Logistics had a negative return on equity of 160.74% and a negative net margin of 18.21%.
An institutional investor recently raised its position in Rand Logistics stock. Renaissance Technologies LLC lifted its stake in shares of Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 166,700 shares of the shipping company’s stock after purchasing an additional 17,100 shares during the period. Renaissance Technologies LLC owned 0.90% of Rand Logistics worth $107,000 as of its most recent SEC filing. Institutional investors own 31.56% of the company’s stock.
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Rand Logistics Company Profile
Rand Logistics, Inc is a shipping company that, through its operating subsidiaries, is engaged in the operation of bulk carriers on the Great Lakes. The Company’s shipping business is operated in Canada by Lower Lakes Towing Ltd. (Lower Lakes Towing) and in the United States by Lower Lakes Transportation Company (Lower Lakes Transportation).
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