Shares of Radiant Logistics Inc (NYSEAMERICAN:RLGT) shot up 5.7% on Monday . The company traded as high as $7.09 and last traded at $7.00. 1,670,754 shares were traded during mid-day trading, an increase of 327% from the average session volume of 391,220 shares. The stock had previously closed at $6.62.
A number of brokerages have recently weighed in on RLGT. Zacks Investment Research lowered Radiant Logistics from a “buy” rating to a “hold” rating in a research note on Wednesday. Seaport Global Securities restated a “buy” rating on shares of Radiant Logistics in a research note on Monday, February 4th. Finally, TheStreet lowered Radiant Logistics from a “b-” rating to a “c+” rating in a research note on Wednesday, December 19th.
Radiant Logistics (NYSEAMERICAN:RLGT) last announced its quarterly earnings data on Monday, February 11th. The company reported $0.16 EPS for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.04. The firm had revenue of $260.94 million during the quarter, compared to analyst estimates of $232.02 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.
Further Reading: Growth Stocks
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