Radiant Logistics, Inc. (NYSEAMERICAN:RLGT - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $6.90 and traded as low as $6.38. Radiant Logistics shares last traded at $6.51, with a volume of 145,184 shares trading hands.
Radiant Logistics Price Performance
The stock has a 50 day moving average price of $6.90. The firm has a market capitalization of $318.73 million, a price-to-earnings ratio of 24.22 and a beta of 0.87. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.01.
Insider Buying and Selling
In other Radiant Logistics news, CFO Todd Macomber sold 30,000 shares of Radiant Logistics stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the sale, the chief financial officer now owns 181,704 shares of the company's stock, valued at approximately $1,377,316.32. This trade represents a 14.17 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 24.60% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Radiant Logistics
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Two Sigma Investments LP boosted its position in Radiant Logistics by 78.6% in the fourth quarter. Two Sigma Investments LP now owns 51,919 shares of the company's stock worth $348,000 after purchasing an additional 22,856 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Radiant Logistics in the 4th quarter worth approximately $67,000. McGowan Group Asset Management Inc. purchased a new position in shares of Radiant Logistics in the fourth quarter worth approximately $670,000. Deutsche Bank AG grew its position in Radiant Logistics by 47.4% during the fourth quarter. Deutsche Bank AG now owns 43,310 shares of the company's stock valued at $290,000 after buying an additional 13,923 shares during the period. Finally, EP Wealth Advisors LLC purchased a new stake in Radiant Logistics during the fourth quarter valued at approximately $67,000. Hedge funds and other institutional investors own 53.59% of the company's stock.
About Radiant Logistics
(
Get Free Report)
Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.
Featured Stories
Before you consider Radiant Logistics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Radiant Logistics wasn't on the list.
While Radiant Logistics currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
