Freightos Limited (NASDAQ:CRGO - Get Free Report) shares rose 6% on Wednesday . The company traded as high as $2.32 and last traded at $2.29. Approximately 42,240 shares changed hands during trading, a decline of 37% from the average daily volume of 67,251 shares. The stock had previously closed at $2.16.
Freightos Price Performance
The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market cap of $109.90 million, a P/E ratio of -6.50 and a beta of 0.06. The firm's fifty day moving average is $2.26 and its two-hundred day moving average is $2.57.
Freightos (NASDAQ:CRGO - Get Free Report) last released its earnings results on Monday, February 24th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.11). Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. The business had revenue of $6.59 million for the quarter, compared to analysts' expectations of $6.80 million. As a group, analysts anticipate that Freightos Limited will post -0.35 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Freightos
Several hedge funds have recently modified their holdings of CRGO. Northern Trust Corp bought a new stake in Freightos in the 4th quarter valued at $579,000. Jane Street Group LLC purchased a new position in shares of Freightos during the fourth quarter valued at about $33,000. Finally, Geode Capital Management LLC increased its holdings in shares of Freightos by 41.6% in the fourth quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock worth $57,000 after purchasing an additional 5,523 shares during the last quarter. Hedge funds and other institutional investors own 22.72% of the company's stock.
About Freightos
(
Get Free Report)
Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.
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