Roadrunner Transportation Systems Inc (RRTS) Moves Lower on Volume Spike for January 07

Equities Staff  |

Roadrunner Transportation Systems Inc (RRTS) traded on unusually high volume on Jan. 07, as the stock lost 3.36% to close at $0.49. On the day, Roadrunner Transportation Systems Inc saw 820,689 shares trade hands on 1,135 trades. Considering that the stock averages only a daily volume of 418,348 shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $8.31 and $0.41 over the last 52-weeks, its 50-day SMA is now $0.57, and its 200-day SMA $1.62. Roadrunner Transportation Systems Inc has a P/B ratio of 3.24.

Roadrunner Transportation Systems Inc is a non-asset based transportation and logistics services provider offering a variety of solutions, including customized and expedited LTL, TL and intermodal brokerage, and domestic and international air. The business segments of the company are truckload logistics which focuses on pickup and delivery of truckload, intermodal, and ground and air expedited freight, less than truckload which involves pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments, global solutions which focuses on domestic and international transportation, and logistic solution. The company derives majority of its revenue from truckload logistics followed by less than truckload.

Headquartered in Downers Grove, IL, Roadrunner Transportation Systems Inc has 4,500 employees and is currently under the leadership of CEO Curtis W. Stoelting.

For a complete fundamental analysis analysis of Roadrunner Transportation Systems Inc, check out Equities.com’s Stock Valuation Analysis report for RRTS.

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To get more information on Roadrunner Transportation Systems Inc and to follow the company’s latest updates, you can visit the company’s profile page here: RRTS’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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