Radiant Logistics, Inc. (RLGT) Stock Rating Lowered by Zacks Investment Research
Radiant Logistics, Inc. (NYSEAMERICAN:RLGT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Wednesday.
According to Zacks, “Radiant Logistics is executing a strategy to build a global transportation and supply chain management company through organic growth and the strategic acquisition of regional best-of-breed non- asset based transportation and logistics providers to offer its customers domestic and international freight forwarding and an expanding array of value added supply chain management services, including asset recovery and reverse logistics, order fulfillment, inventory management and warehousing. “
Shares of Radiant Logistics (NYSEAMERICAN:RLGT) opened at $4.34 on Wednesday. Radiant Logistics has a 52 week low of $3.29 and a 52 week high of $6.65. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $254.40, a price-to-earnings ratio of 17.24 and a beta of 0.80.
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Radiant Logistics Company Profile
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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