Boingo Wireless Inc. (WIFI) Drops 6.25% on February 08

Equities Staff |

Boingo Wireless Inc. (WIFI) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 6.25% to $5.53, a loss of $-0.3689 per share. Starting at an opening price of $5.85 a share, the stock traded between $5.50 and $5.88 over the course of the trading day. Volume was 197,096 shares over 1,149 trades, against an average daily volume of 297,058 shares and a total float of 37.18 million.

The losses send Boingo Wireless Inc. down to a market cap of $205.66 million. In the last year, Boingo Wireless Inc. has traded between $10.42 and $5.42, and its 50-day SMA is currently $6.34 and 200-day SMA is $7.85.

Boingo Wireless Inc along with its subsidiaries provides mobile Wi-Fi Internet solutions. It installs, manages, and operates wireless network infrastructure to provide Wi-Fi services at its managed and operated hotspots, such as airports and hotels.

Boingo Wireless Inc. is based out of Los Angeles, CA and has some 265 employees. Its CEO is David Hagan.

For a complete fundamental analysis analysis of Boingo Wireless Inc., check out Equities.com’s Stock Valuation Analysis report for WIFI. 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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