Shares of Freightos Limited (NASDAQ:CRGOW – Get Free Report) dropped 10.5% during mid-day trading on Tuesday . The stock traded as low as $0.1950 and last traded at $0.2125. Approximately 9,509 shares traded hands during trading, a decline of 77% from the average daily volume of 41,780 shares. The stock had previously closed at $0.2375.
Freightos Trading Down 10.5%
The stock has a 50-day moving average price of $0.20 and a 200 day moving average price of $0.23.
About Freightos
Freightos (NASDAQ:CRGOW) is a technology-driven logistics company that provides a digital booking platform for international freight shipping. Founded in 2012, the firm has developed an online marketplace that connects shippers, freight forwarders and carriers, enabling real-time comparison of rates and automated booking processes across air, ocean and trucking services. Freightos aims to simplify the complex and traditionally manual freight industry by bringing transparency and efficiency to global trade.
The company’s core offerings include a cloud-based Rate Management Platform (RMP) that allows logistics providers to manage freight contracts and automate quoting, as well as Freightos Marketplace, where shippers can obtain instant freight quotes and secure capacity with a few clicks.
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