Zacks Investment Research downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) to Sell in a report released today.
- Updated: October 6, 2016
Just yesterday Echo Global Logistics, Inc. (NASDAQ:ECHO) traded -0.31% lower at $22.80. Echo Global Logistics, Inc.’s 50-day moving average is $24.37 and its 200-day moving average is $24.18. The last stock price is down -5.69% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 151,747 shares of ECHO traded, down from an avg. volume of 260,068
Zacks Investment Research has downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) to Sell in a report released on 10/6/2016.
Previously on 6/23/2015, Credit Suisse released a statement about Echo Global Logistics, Inc. (NASDAQ:ECHO) increased the target price from $27.00 to $39.00. At the time, this indicated a possible upside of 0.17%.
Recent Performance Chart
Echo Global Logistics, Inc. has PE ratio of 93.06 with a one year low of $16.56 and a one year high of $28.49 and has a market capitalization of $0.
General Company Details For Echo Global Logistics, Inc. (NASDAQ:ECHO)
Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management solutions. The Company utilizes a technology platform to compile and analyze data from its multi-modal network of transportation providers to facilitate its transportation and logistics services. The Company focuses primarily on arranging transportation by truckload (TL) and less than truckload (LTL) carriers. It also offers intermodal (which involves moving a shipment by rail and truck), small parcel, domestic air, expedited and international transportation services. The Company's core logistics services include rate negotiation, shipment execution and tracking, carrier management, routing compliance and performance management reporting. It procures transportation and provides logistics services for clients across industries, such as manufacturing, construction, consumer products and retail. Its clients fall into two categories: Managed Transportation and Transactional.
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