Freightos Limited (NASDAQ:CRGO - Get Free Report)'s stock price traded up 6% during trading on Wednesday . The company traded as high as $2.32 and last traded at $2.29. 42,240 shares changed hands during trading, a decline of 37% from the average session volume of 67,251 shares. The stock had previously closed at $2.16.
Freightos Stock Up 0.2 %
The firm has a market capitalization of $100.20 million, a price-to-earnings ratio of -5.93 and a beta of 0.06. The stock has a fifty day moving average of $2.23 and a two-hundred day moving average of $2.57. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90.
Freightos (NASDAQ:CRGO - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates 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 company had revenue of $6.59 million during the quarter, compared to analyst estimates of $6.80 million. Sell-side analysts anticipate that Freightos Limited will post -0.35 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in Freightos in the fourth quarter worth approximately $33,000. Geode Capital Management LLC increased its stake in shares of Freightos by 41.6% in the 4th quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock valued at $57,000 after acquiring an additional 5,523 shares in the last quarter. Finally, Northern Trust Corp acquired a new position in shares of Freightos during the 4th quarter valued at $579,000. 22.72% of the stock is owned by institutional investors and hedge funds.
Freightos Company Profile
(
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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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