Radiant Logistics (NYSEAMERICAN:RLGT) declared that its board has initiated a stock buyback plan, which authorizes the company to buyback 5,000,000 outstanding shares on Thursday, January 7th, EventVestor reports. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.
Shares of Radiant Logistics (RLGT) opened at $4.34 on Wednesday. The company has a market cap of $254.40, a PE ratio of 17.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.18 and a quick ratio of 1.18. Radiant Logistics has a 12-month low of $3.29 and a 12-month high of $6.65.
About Radiant Logistics
Radiant Logistics, Inc operates as a third-party logistics company, providing multi-modal transportation and logistics services. The Company is organized in two geographic operating segments: United States and Canada. Its transportation services for both the United States and Canada segments are placed into categories of freight forwarding and freight brokerage services.
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