Rand Logistics (RLOG) Trading 6.3% Higher
Rand Logistics, Inc. (NASDAQ:RLOG)’s share price traded up 6.3% during trading on Wednesday . The stock traded as high as $0.18 and last traded at $0.17. 930,327 shares traded hands during trading, a decline of 23% from the average session volume of 1,204,018 shares. The stock had previously closed at $0.16.
Separately, ValuEngine lowered Rand Logistics from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 16th.
The firm has a market cap of $2.96, a PE ratio of -0.13 and a beta of 1.24.
A hedge fund recently raised its stake in Rand Logistics stock. Renaissance Technologies LLC increased its position in Rand Logistics, Inc. (NASDAQ:RLOG) by 11.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 166,700 shares of the shipping company’s stock after purchasing an additional 17,100 shares during the quarter. Renaissance Technologies LLC owned approximately 0.90% of Rand Logistics worth $107,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 20.36% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This piece of content was originally posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece of content on another domain, it was stolen and reposted in violation of U.S. & international copyright & trademark laws. The correct version of this piece of content can be accessed at https://www.watchlistnews.com/rand-logistics-rlog-trading-6-3-higher/1785205.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 & Ratings for Rand Logistics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rand Logistics and related companies with MarketBeat.com's FREE daily email newsletter.