Radiant Logistics (NASDAQ:RLGT) Rating Lowered to Sell at BidaskClub

Radiant Logistics (NASDAQ:RLGT) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday, BidAskClub reports.

Shares of NASDAQ RLGT traded down $0.01 during midday trading on Friday, reaching $5.15. The stock had a trading volume of 178,336 shares, compared to its average volume of 326,139. The stock has a 50-day moving average of $5.39 and a 200-day moving average of $5.62. Radiant Logistics has a 12-month low of $4.06 and a 12-month high of $7.33.

Radiant Logistics (NASDAQ:RLGT) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $220.47 million.

About Radiant Logistics

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: Monthly Dividend Stocks Can Provide Solid Income

Receive News & Ratings for Radiant Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Radiant Logistics and related companies with MarketBeat.com's FREE daily email newsletter.