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Redline Communications (TSE:RDL) announced its earnings results on Wednesday. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.06 by $0.02, Analyst Ratings News reports.

Shares of Redline Communications (TSE:RDL) opened at 3.50 on Wednesday. Redline Communications has a 1-year low of $2.00 and a 1-year high of $5.80. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $2.90. The company’s market cap is $55.3 million.

On the ratings front, analysts at Jennings Capital initiated coverage on shares of Redline Communications in a research note on Wednesday, June 18th. They set a “buy” rating on the stock.

Redline Communications Group Inc (TSE:RDL) is a holding company and conducts its operations through its subsidiaries, Redline Communications Inc, Redline Communications Inc, Redline Communications Romania Ltd.

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