On Thursday, Shares of Rand Logistics, Inc. (NASDAQ:RLOG), included 37.61% and shut at $1.50 inside the end purchasing and offering session. The last exchanging scope of the stock ranges amongst $1.32 and $2.95. The business’ commercial center capitalization is $34.45 million with the aggregate fabulous loads of 18.57 million. Rand Logistics, Inc. (RLOG) (“Rand”) recently declared its financial results for the fiscal year 2017 second quarter ended September 30, 2016.
Quarter Ended September 30, 2016 as compared to Quarter Ended September 30, 2015 Financial Results
Freight and other related revenue from company operated vessels (which excludes fuel and other surcharges) reduced $6.3 million, or 14.4%, to $37.5 million during the three-month period contrast to $43.8 million in the year ago period.
Total Sailing Days was 1,185 contrast to 1,278 in the prior year period, mainly as a result of operating two fewer vessels in the quarter.
Delay Days raised to 73 from 68. Delay Days as a percentage of total Sailing Days was 6.2% contrast to 5.3% in the same period last year.
Freight and related revenue per Sailing Day reduced $2,639, or 7.7%, to $31,661 contrast to $34,300 per Sailing Day in the year ago period.
Vessel operating expenses reduced $8.0 million, or 26.7%, to $22.0 million contrast to $30.0 million during the year ago period. Vessel operating expenses per Sailing Day reduced $4,909, or 20.9%, to $18,589 from $23,498 during the year ago period.
Vessel margin per day reduced $669, or 4.4%, from $15,110 in the prior year period to $14,441 this quarter.
Debt reduction equaled $10.7 million during the quarter with long term debt, before deferred financing costs, declining from $207.7 million as of June 30, 2016 to $197.0 million as of September 30, 2016.
EBITDA reduced $2.3 million, or 14.3%, to $13.8 million from $16.1 million during the prior year period.
Specialized assessment: During the fifty two-week exchanging session the negligible rate at which extent cost exchanged, enrolled at $0.68 and came to max level of $2.95. The EPS of organization is walking around -0.68.
Shares of Eaton Corporation, PLC Ordinary Shares (NYSE:ETN), subtract -1.14% and shut at $64.79 inside the last exchanging session. The rest of the purchasing and offering scope of the stock levels among $64.65 and $66.28. The association’s commercial center capitalization is $29.60 Billion with the general uncommon loads of 451.70 million. Eaton Corporation plc operates as a power administration company worldwide. Its Electrical Products segment offers electrical components, industrial components, residential products, single phase power quality products, emergency lighting, fire detection products, wiring devices, structural support systems, circuit protection products, and lighting products. The companys Electrical Systems and Services segment provides power distribution and assemblies, three phase power quality products, hazardous duty electrical equipment, explosion-proof instrumentation, utility power distribution products, power reliability equipment, and services. The Hydraulics segment offers a range of power products; controls and sensing products; fluid conveyance products; thermoplastic hoses and tubings, couplings, connectors, and assembly equipment; filtration systems solutions; industrial drum and disc brakes; and golf grips. The Aerospace segment provides hydraulic power generation systems, controls and sensing products, fluid conveyance products, and fuel systems for commercial and military use. The Vehicle segment designs, manufactures, markets, and supplies drivetrain and powertrain systems, and critical components that reduce emissions and enhance fuel economy, stability, performance, and safety of cars, light trucks, and commercial vehicles.
Specialized examination: All through the fifty two-week exchanging session the negligible expense at which extent cost exchanged, enlisted at $46.19 and came to max level of $68.95. The EPS of association is by walking at 4.23.