Stock Rating Downgrade
In recent days the Value Trend Rating for Radiant Logistics Inc (NYSEAMERICAN: RLGT) weakened from C to D reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 10/11/24, Radiant Logistics Inc (NYSEAMERICAN: RLGT) stock enjoyed a large increase of 3.6%, closing at $6.63. However, trading volume in this advance was below average at 78% of normal. Relative to the market the stock has been strong over the last nine months and has risen 9.4% during the last week.
Current PriceTarget Research Rating
RLGT’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Radiant Logistics has a current Value Trend Rating of D (Negative). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Radiant Logistics has a neutral Power Rating of 49 and a slightly negative Appreciation Score of 35, producing the Negative Value Trend Rating.
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