NEW YORK (TheStreet) -- Shares of Radiant Logistics (RLGT) - Get Report were diving 14.38% to $2.56 on heavy trading volume mid-afternoon Wednesday after the company posted an unexpected loss for the 2016 fiscal fourth quarter.

After yesterday's closing bell, the Bellevue, WA-based transportation and logistics company posted a net loss of a penny per share, while analysts were projecting earnings of 3 cents per share.

Revenue for the period was $183.6 million, below Wall Street's forecasts of $202.6 million.

"These quarterly results reflect the impacts of excess capacity and related margin pressures of the current market environment, particularly in our brokerage operations as well as the previously disclosed loss of a significant customer," CEO Bohn Crain said in a statement.

About 1.6 million of the company's shares changed hands so far today compared to its average 30-day volume of 83,984 shares.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C on the stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations.

But the team also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: RLGT

Image placeholder title