Radiant Logistics (RLGT) Receiving Somewhat Positive News Coverage, Report Shows
Media stories about Radiant Logistics (NASDAQ:RLGT) have been trending somewhat positive on Tuesday, AlphaOne reports. The research group, a service of Accern, rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Radiant Logistics earned a media sentiment score of 0.14 on AlphaOne’s scale. AlphaOne also gave news stories about the company an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an effect on the stock’s share price in the next several days.
Radiant Logistics (NASDAQ:RLGT) traded up 0.18% during mid-day trading on Tuesday, reaching $5.57. The company had a trading volume of 109,578 shares. The company’s 50-day moving average is $5.28 and its 200-day moving average is $4.01. The stock has a market capitalization of $270.34 million and a PE ratio of 464.17. Radiant Logistics has a one year low of $2.45 and a one year high of $5.96.
Separately, Zacks Investment Research cut Radiant Logistics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 12th.
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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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