Roadrunner Transportation Systems, Inc. (RRTS), an Industrials Trucking corporation, saw its stock trade 8.88 shares, a rise, a surge when compared to its 10-day trading volume of 70.19k.
Roadrunner Transportation Systems, Inc. (RRTS) stock is trading at $8.88, up -0.18 cents or -1.99% on the day. Based on this we can see some traders are either waiting on the sidelines to get involved or perhaps some are taking profits.
Shares of asset-right transportation and asset-light logistics service provider Roadrunner Transportation Systems, Inc. (RRTS) soared more than 40% on Wednesday following its decision to sell the prime distribution services business to C.H. Robinson Worldwide, Inc. (CHRW) for $225 million in cash.
The company plans to pay off all of its asset-based loans and term loan credit facilities with the proceeds from the sell-off. In an attempt to focus more on its core business, Roadrunner had sold its Flatbed business unit in December last year.
When the company reported its third-quarter results in November, revenues decreased year-on-year to $459.1 million from $536.6 million. Loss per share narrowed to $2.60 from $26.99 on higher share count.
Total Revenue for Roadrunner Transportation Systems, Inc. (RRTS) is $2B, Gross Profit is $387.97M and the EBITDA is $-31.35M.
Roadrunner Transportation Systems, Inc. (RRTS) Technical Statistics:
The average 10-day trading volume of Roadrunner Transportation Systems, Inc. (RRTS) is 70.19k compared to 28.6k over the last 3 months which indicates a rise, a surge in trading activity. At the time of writing this article, Roadrunner Transportation Systems, Inc. (RRTS) has a 50-day moving average of $8.19 and a 200-day moving average of $9.43. These moving averages are popular technical statistics that investors use to analyze price trends of Roadrunner Transportation Systems, Inc. (RRTS).
Approximately 1.11% of the shares of the company are sold short from traders betting the shares may trade lower. The beta value on Roadrunner Transportation Systems, Inc. (RRTS) stock is 1.40, indicating its 14.21% to 7.34% more volatile than the overall market.
Technically, RRTS’s short term support levels are around $8.96, $8.70 and $8.43 on the downside. RRTSs short term resistance levels are $12.40, $11.83 and $10.36 on the upside.
Based on technical analysis, RRTS has short term rating of Neutral (0.07), Intermediate rating of Neutral (0.01) and the long-term rating of Neutral (-0.08) giving it an overall rating of Neutral (0.00).
RRTS is trading 50.50% off its 52 week low at $6.02 and -38.58% off its 52 week high of $14.75. Performance wise, RRTS stock has recently shown investors a 28.51% rise in a week, 12.97% surge in a month and a -23.42% rise in the past quarter.
Furthermore, Roadrunner Transportation Systems, Inc. (RRTS) has shown a return of -1.63% since the start of the year.
Roadrunner Transportation Systems, Inc. (RRTS) Key Details:
Roadrunner Transportation Systems, Inc. (RRTS) is a small-cap company with a market cap value of $334.258M. RRTS insiders hold roughly 3.31% of the shares.
On Nov-02-16 Deutsche Bank Initiated RRTS as Hold at $9. On Dec-21-16 Stifel Reiterated RRTS as Buy at $11 → $12 and on Feb-01-17 Robert W. Baird Downgrade RRTS as Outperform → Neutral at $12 → $8.
There are currently 36.17M shares in the float and 37.13M shares outstanding. There are 1.11% shares short in RRTSs float.
The industry rank for Roadrunner Transportation Systems, Inc. (RRTS) is 238 out of 255 ranking it at the Bottom 7%.
Roadrunner Transportation Systems, Inc. (RRTS) Fundamental Figures:
RRTS last 2 years revenues have decreased from $2,216,141 to $1,998,530 showing a downtrend.
Wall Street expects Roadrunner Transportation Systems, Inc. (RRTS) to report an EPS next Qtr profit of -0.38 and a profit of 90.60% next year.
The growth rate on RRTS this year is 95.75 compared to an industry 2.50. However, RRTSs next year’s growth rate is 90.57 compared to an industry 10.40.
The book value per share (mrq) is 3.37 and cash per share (mrq) is 0.16. Giving them a price/book (mrq) of 2.69 compared to an industry of 2.27 and RRTSs price/cash flow (mrfy) is NA compared to an industry of 6.85.
RRTS fundamental ratios shows an EPS growth vs. previous year -4.24 and EPS growth vs. previous quarter -0.37.
About Roadrunner Transportation Systems, Inc. (RRTS):
Roadrunner Transportation Systems, Inc. is a non-asset based transportation and logistics services provider offering a full suite of solutions, including customized and expedited less-than-truckload, truckload and intermodal brokerage, and domestic and international air. The Company utilizes a proprietary web-enabled technology system and a third-party network of transportation providers to serve a diverse customer base in terms of end-market focus and annual freight expenditures. Its third-party transportation providers consist of individuals or small teams that own or lease their own over-the-road transportation equipment and asset-based, over-the-road transportation companies. As a non-asset based transportation provider, the Company does not own any tractors or other power equipment used to transport its customers’ freight. Roadrunner Transportation Systems, Inc. is headquartered in Cudahy, Wisconsin.