NEW YORK (
) -- Shares of
) have taken a tremendous swing upward. The stock is trading at $7 as of 10:52 a.m. ET, 32.3% above Friday's closing price of $5.29. Volume is at 78,007, 2.6 times the daily average of 30,500. Rand Logistics has a market cap of $67.3 million and is part of the
Rand Logistics, Inc., through its subsidiaries, provides bulk freight shipping services in the Great Lakes region. It offers domestic port-to-port services and River Class bulk freight shipping services in Canada and the United States. The company has a P/E ratio of 50, above the average transportation industry P/E ratio of 45.5 and above the S&P 500 P/E ratio of 23.5.
TheStreet Ratings rates Rand Logistics as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and generally poor debt management. You can view the full