Rand Logistics Inc. (RLOG) Releases Earnings Results, Misses Estimates By $0.06 EPS
Rand Logistics Inc. (NASDAQ:RLOG) announced its quarterly earnings data on Thursday. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.06. The firm had revenue of $39.24 million for the quarter, compared to analysts’ expectations of $39.10 million. Rand Logistics had a negative net margin of 14.92% and a negative return on equity of 51.50%.
Rand Logistics (NASDAQ:RLOG) opened at 0.782 on Monday. The company’s 50 day moving average price is $0.75 and its 200-day moving average price is $0.92. The stock’s market capitalization is $14.47 million. Rand Logistics has a one year low of $0.68 and a one year high of $2.50.
Rand Logistics Company Profile
Rand Logistics, Inc is a shipping company that, through its operating subsidiaries, is engaged in the operation of bulk carriers on the Great Lakes. The Company’s shipping business is operated in Canada by Lower Lakes Towing Ltd. (Lower Lakes Towing) and in the United States by Lower Lakes Transportation Company (Lower Lakes Transportation).
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