Rand Logistics, Inc. (RLOG) Stock Price Up 23.5%
Rand Logistics, Inc. (NASDAQ:RLOG) was up 23.5% on Friday . The stock traded as high as $0.72 and last traded at $0.63. Approximately 4,148,516 shares traded hands during mid-day trading, an increase of 303% from the average daily volume of 1,028,760 shares. The stock had previously closed at $0.51.
Separately, ValuEngine raised shares of Rand Logistics from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 7th.
Rand Logistics (NASDAQ:RLOG) last posted its quarterly earnings data on Monday, August 14th. The shipping company reported ($0.30) earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.41). The company had revenue of $32.34 million during the quarter. Rand Logistics had a negative return on equity of 160.74% and a negative net margin of 18.21%.
A hedge fund recently raised its stake in Rand Logistics stock. Renaissance Technologies LLC raised its holdings in Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 166,700 shares of the shipping company’s stock after acquiring an additional 17,100 shares during the quarter. Renaissance Technologies LLC owned 0.90% of Rand Logistics worth $107,000 as of its most recent filing with the Securities and Exchange Commission. 31.56% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another publication, it was copied illegally and reposted in violation of international trademark and copyright laws. The legal version of this news story can be read at https://www.thecerbatgem.com/2017/11/17/rand-logistics-inc-rlog-stock-price-up-23-5.html.
About Rand Logistics
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).
Receive News & Stock Ratings for Rand Logistics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Logistics Inc. and related stocks with our FREE daily email newsletter.