BidaskClub downgraded shares of Radiant Logistics (NASDAQ:RLGT) from a hold rating to a sell rating in a report published on Saturday, BidAskClub reports.

Shares of NASDAQ:RLGT traded down $0.01 during midday trading on Friday, hitting $5.15. The company’s stock had a trading volume of 178,336 shares, compared to its average volume of 326,139. The stock’s 50 day simple moving average is $5.39 and its 200 day simple moving average is $5.62. Radiant Logistics has a fifty-two week low of $4.06 and a fifty-two week high of $7.33.

Radiant Logistics (NASDAQ:RLGT) last issued its quarterly earnings results on Thursday, September 12th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The business had revenue of $204.65 million during the quarter, compared to analyst estimates of $220.47 million.

Radiant Logistics Company Profile

Radiant Logistics, Inc operates as a third-party logistics and multi-modal transportation services company primarily in the United States and Canada. The company offers domestic and international air and ocean freight forwarding services; and freight brokerage services, including truckload, less than truckload, and intermodal services.

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