Roadrunner Transportation Systems (OTCMKTS:RRTS) Stock Price Down 3.6% - Here's What Happened

Key Points

• Roadrunner Transportation Systems shares fell by 3.6%, closing at $2.65, with trading volume significantly lower than usual at just 245 shares compared to an average of 3,844.
• The company's debt-to-equity ratio stands at 5.57, indicating a high level of debt relative to its equity, with liquidity ratios (quick and current) both at 1.11.
• Roadrunner provides asset-right transportation and logistics services across four segments, including LTL and truckload solutions.

Shares of Roadrunner Transportation Systems, Inc (OTCMKTS:RRTS - Get Free Report) were down 3.6% during mid-day trading on Tuesday . The company traded as low as $2.65 and last traded at $2.65. Approximately 245 shares were traded during mid-day trading, a decline of 94% from the average daily volume of 3,844 shares. The stock had previously closed at $2.75.

Roadrunner Transportation Systems Trading Down 2.0%

The company has a debt-to-equity ratio of 5.57, a current ratio of 1.11 and a quick ratio of 1.11. The stock has a 50-day moving average of $2.59 and a 200-day moving average of $3.50.

About Roadrunner Transportation Systems

Roadrunner Transportation Systems, Inc provides asset-right transportation and asset-light logistics services. It operates through four segments: Ascent Transportation Management (Ascent TM), Ascent On-Demand (Ascent OD), Less-than-Truckload (LTL), and Truckload (TL). The company offers domestic freight management solutions, including asset-backed truckload brokerage, specialized/heavy haul, LTL shipment execution, LTL carrier rate negotiations, access to its transportation management system, and freight audit/payment.