Altisource Residential Corp (RESI) Drops 8.02% on January 15

Equities Staff |

Altisource Residential Corp (RESI) was one of the Russell 2000's biggest losers for Friday January 15 as the stock slid 8.02% to $9.81, a loss of $-0.855 per share. Starting at an opening price of $10.36 a share, the stock traded between $9.50 and $10.49 over the course of the trading day. Volume was 583,951 shares over 3,467 trades, against an average daily volume of 511,930 shares and a total float of 55.99 million.

The losses send Altisource Residential Corp down to a market cap of $548.99 million. In the last year, Altisource Residential Corp has traded between $22.59 and $10.57, and its 50-day SMA is currently $12.78 and 200-day SMA is $15.32.

The stock has a P/E Ratio of 9.9.

Altisource Residential Corporation is a real estate investment trust. The Company acquires, owns and manages single-family rental properties throughout the United States through the acquisition of sub-performing and non-performing loan portfolio.

Altisource Residential Corp is based out of Frederiksted, and has some 0 employees. Its CEO is George G. Ellison.

For a complete fundamental analysis analysis of Altisource Residential Corp, check out Equities.com’s Stock Valuation Analysis report for RESI. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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