Radiant Logistics (NYSEAMERICAN:RLGT) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Radiant Logistics, Inc. (NYSEAMERICAN:RLGT)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.73 and traded as low as $5.44. Radiant Logistics shares last traded at $5.78, with a volume of 1,260,544 shares trading hands.

Radiant Logistics Price Performance

The business’s fifty day simple moving average is $6.73. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $271.72 million, a price-to-earnings ratio of 20.64 and a beta of 0.87.

Insider Activity

In other news, CFO Todd Macomber sold 30,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the sale, the chief financial officer now owns 181,704 shares of the company’s stock, valued at $1,377,316.32. This represents a 14.17 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 24.60% of the company’s stock.

Institutional Trading of Radiant Logistics

Large investors have recently made changes to their positions in the company. EP Wealth Advisors LLC acquired a new position in Radiant Logistics during the fourth quarter worth $67,000. ProShare Advisors LLC purchased a new stake in Radiant Logistics in the fourth quarter valued at approximately $67,000. Price T Rowe Associates Inc. MD lifted its position in Radiant Logistics by 19.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,523 shares of the company’s stock valued at $91,000 after buying an additional 2,201 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Radiant Logistics by 20.2% during the fourth quarter. SG Americas Securities LLC now owns 14,809 shares of the company’s stock worth $99,000 after purchasing an additional 2,492 shares in the last quarter. Finally, MetLife Investment Management LLC increased its stake in shares of Radiant Logistics by 103.8% in the fourth quarter. MetLife Investment Management LLC now owns 22,047 shares of the company’s stock worth $148,000 after buying an additional 11,227 shares during the last quarter. 53.59% of the stock is currently owned by hedge funds and other institutional investors.

About Radiant Logistics

Radiant Logistics, Inc, a third-party logistics company, provides technology-enabled global transportation and value-added logistics solutions primarily in the United States and Canada. The company offers domestic, international air, and ocean freight forwarding services; and freight brokerage services, including truckload and intermodal services.