Roadrunner Transportation Systems (OTCMKTS:RRTS) Stock Jumps 4.9% – Should You Buy?

Roadrunner Transportation Systems, Inc (OTCMKTS:RRTS)’s stock price was up 4.9% during mid-day trading on Tuesday. The company traded as high as $2.8860 and last traded at $2.8860. 100 shares changed hands during mid-day trading, a decline of 98% from the average session volume of 4,883 shares. The stock had previously closed at $2.75.

Roadrunner Transportation Systems Price Performance

The company has a 50-day simple moving average of $3.48 and a 200-day simple moving average of $3.85.

Roadrunner Transportation Systems Company Profile

Roadrunner Transportation Systems, Inc is a transportation and logistics company that provides less-than-truckload (LTL) freight services in North America. Through its Roadrunner Freight business, the company arranges the movement of palletized and other shipments that are too large for parcel delivery but do not require a full truck.

The company’s services include freight pickup and delivery, shipment consolidation, transportation management, brokerage and logistics support. Its asset-light operating model relies on a network of carrier partners and transportation providers, while technology and logistics personnel help coordinate routing, tracking and delivery for business customers.

Roadrunner Transportation Systems was founded in 2005 and historically operated a broader portfolio that included truckload, intermodal, expedited transportation and logistics services.