Rand Logistics Stock Rating Upgraded by Zacks (RLOG)
Rand Logistics (NASDAQ:RLOG) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report released on Tuesday. The firm currently has a $7.50 target price on the stock. Zacks‘s price target would indicate a potential upside of 22.95% from the company’s current price.
Shares of Rand Logistics (NASDAQ:RLOG) traded up 2.62% on Tuesday, hitting $6.26. 5,638 shares of the company’s stock traded hands. Rand Logistics has a 52 week low of $4.66 and a 52 week high of $7.49. The stock’s 50-day moving average is $6.01 and its 200-day moving average is $6.37. The company’s market cap is $112.3 million.
Rand Logistics (NASDAQ:RLOG) last announced its earnings results on Thursday, August 7th. The company reported $0.10 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.02 by $0.08. The company had revenue of $43.31 million for the quarter, compared to the consensus estimate of $45.46 million. On average, analysts predict that Rand Logistics will post $-0.05 earnings per share for the current fiscal year.
Rand Logistics, Inc (NASDAQ:RLOG) is engaged in the shipping business.
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