Rand Logistics(NASDAQ:RLOG) announced the earnings results for Fiscal Year 2017 and Q3. The results came in during After-Market on Feb 13, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $37.796M. Analysts estimated a revenue of $42.200M. The revenues were -10.44% below the estimates. Earnings per share were $-0.03. The reported EPS was below estimates by -125%. Analysts had estimated an EPS of $0.12.
Rand Logistics (RLOG) shares turned negative on Wednesdays trading session with the shares closing down -0.0452 points or -5.22% at a volume of 1,99,920. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $0.8656. The peak price level was also seen at $0.8656 while the days lowest was $0.815. Finally the shares closed at $0.82. The 52-week high of the shares is $2.95 while the 52-week low is $0.68. According to the latest information available, the market cap of the company is $15 M.
Several Insider Transactions has been reported to the SEC. On Apr 14, 2016, David M Knott (10% owner) sold 157,853 shares at $0.87 per share price.Also, On Mar 16, 2016, Edward Levy (CEO) purchased 1,500 shares at $1.04 per share price.On Feb 19, 2016, Mark S Hiltwein (CFO) purchased 5,000 shares at $1.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Rand Logistics Inc. is a provider of bulk freight shipping services. Through its subsidiaries the Company operates a fleet of over 10 self-unloading bulk carriers including eight River Class vessels and one River Class integrated tug/barge unit and three conventional bulk carriers of which one are operated under a contract of affreightment. Its shipping business is operated in Canada by Lower Lakes Towing and in the United States by Lower Lakes Transportation. Lower Lakes Towing provides marine transportation services to dry bulk goods suppliers and purchasers operating in ports on the Great Lakes and is a service shipping company with a fleet of over 15 cargo-carrying vessels. It transports construction aggregates coal iron ore salt grain and other dry bulk commodities for customers in the construction electric utility integrated steel and food industries. Its fleet consists of the vessels including Cuyahoga Michipicoten Mississagi Saginaw and Ojibway among others.