Skip to main content

Trade-Ideas LLC identified

Echo Global Logistics



) as a strong on high relative volume candidate. In addition to specific proprietary factors, Trade-Ideas identified Echo Global Logistics as such a stock due to the following factors:

  • ECHO has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $11.9 million.
  • ECHO has traded 409,791 shares today.
  • ECHO is trading at 54.64 times the normal volume for the stock at this time of day.
  • ECHO is trading at a new high 32.11% above yesterday's close.

'Strong on High Relative Volume' stocks are worth watching because major volume moves tend to indicate underlying activity such as M&A events, material stock news, analyst upgrades, insider buying, buying from 'superinvestors,' or that hedge funds and momentum traders are piling into a stock ahead of a catalyst. Regardless of the impetus behind the price and volume action, when a stock moves with strength and volume it can indicate the start of a new trend on which early investors can capitalize. In the event of a well-timed trading opportunity, combining technical indicators with fundamental trends and a disciplined trading methodology should help you take the first steps towards investment success.

EXCLUSIVE OFFER: Get the inside scoop on opportunities in ECHO with the Ticky from Trade-Ideas. See the FREE profile for ECHO NOW at Trade-Ideas

More details on ECHO:

Echo Global Logistics, Inc. provides technology-enabled transportation and supply chain management solutions in the United States. ECHO has a PE ratio of 35. Currently there are 7 analysts that rate Echo Global Logistics a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Echo Global Logistics has been 446,700 shares per day over the past 30 days. Echo Global Logistics has a market cap of $571.6 million and is part of the services sector and transportation industry. The stock has a beta of 1.51 and a short float of 12.5% with 4.71 days to cover. Shares are down 41% year-to-date as of the close of trading on Wednesday.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.


TheStreet Quant Ratings

rates Echo Global Logistics as a


. 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. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself, deteriorating net income and disappointing return on equity.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 0.7%. Since the same quarter one year prior, revenues rose by 21.8%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The current debt-to-equity ratio, 0.58, is low and is below the industry average, implying that there has been successful management of debt levels. To add to this, ECHO has a quick ratio of 1.76, which demonstrates the ability of the company to cover short-term liquidity needs.
  • ECHO GLOBAL LOGISTICS INC has experienced a steep decline in earnings per share in the most recent quarter in comparison to its performance from the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, ECHO GLOBAL LOGISTICS INC increased its bottom line by earning $0.71 versus $0.62 in the prior year. This year, the market expects an improvement in earnings ($1.04 versus $0.71).
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Air Freight & Logistics industry. The net income has significantly decreased by 116.1% when compared to the same quarter one year ago, falling from $4.24 million to -$0.68 million.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. In comparison to the other companies in the Air Freight & Logistics industry and the overall market, ECHO GLOBAL LOGISTICS INC's return on equity is significantly below that of the industry average and is below that of the S&P 500.

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.