News coverage about Rand Logistics (NASDAQ:RLOG) has trended somewhat positive on Thursday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rand Logistics earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news articles about the shipping company an impact score of 45.1948216843507 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Shares of Rand Logistics (NASDAQ RLOG) traded up 6.2571% during trading on Thursday, hitting $0.3719. 1,215,927 shares of the company traded hands. The company has a 50 day moving average price of $0.31 and a 200 day moving average price of $0.42. The company’s market capitalization is $6.93 million. Rand Logistics has a 52 week low of $0.19 and a 52 week high of $2.95.
Rand Logistics (NASDAQ:RLOG) last posted its earnings results on Monday, August 14th. The shipping company reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.41). The business had revenue of $32.34 million for the quarter. Rand Logistics had a negative net margin of 18.21% and a negative return on equity of 160.74%. On average, analysts expect that Rand Logistics will post ($0.18) earnings per share for the current year.
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In other Rand Logistics news, major shareholder Brent D. Baird bought 350,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were acquired at an average price of $0.29 per share, with a total value of $101,500.00. Following the transaction, the insider now owns 2,252,683 shares of the company’s stock, valued at approximately $653,278.07. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Brent D. Baird bought 167,242 shares of the business’s stock in a transaction on Friday, October 13th. The shares were acquired at an average cost of $0.34 per share, for a total transaction of $56,862.28. The disclosure for this purchase can be found here. Insiders have acquired a total of 1,526,702 shares of company stock worth $451,106 in the last three months. Insiders own 13.10% of the company’s stock.
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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