Radiant Logistics (NYSEAMERICAN:RLGT) posted its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01), Fidelity Earnings reports. Radiant Logistics had a return on equity of 23.17% and a net margin of 1.83%. During the same quarter in the previous year, the company posted $0.18 EPS.
Shares of RLGT stock opened at $6.35 on Friday. The company has a fifty day simple moving average of $5.92. Radiant Logistics has a 52 week low of $4.95 and a 52 week high of $8.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.35 and a current ratio of 1.35. The stock has a market cap of $318.26 million, a P/E ratio of 19.84 and a beta of 1.45.
An institutional investor recently bought a new position in Radiant Logistics stock. Millennium Management LLC purchased a new stake in shares of Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 55,101 shares of the company’s stock, valued at approximately $382,000. Millennium Management LLC owned approximately 0.11% of Radiant Logistics at the end of the most recent quarter. Institutional investors own 48.48% of the company’s stock.
Radiant Logistics, Inc is a third-party logistics and multimodal transportation services company. It offers domestic and international air and ocean freight forwarding services and freight brokerage services including truckload services, less than truckload (LTL) services, and intermodal services. It operates through the geographical segments: United States, Canada, and Corporate.
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