Electro Rent Corp. (ELRC) was among the biggest gainers on the Russell 2000 for Thursday January 21 as the stock popped 5.24% to $7.83, representing a gain of $0.39 per share. Some 17,212 shares traded hands on 149 trades, compared with an average daily volume of 37,351 shares out of a total float of 24.13 million. The stock opened at $7.43 and traded with an intraday range of $7.90 to $7.43.
After today's gains, Electro Rent Corp. reached a market cap of $188.92 million. Electro Rent Corp. has had a trading range between $13.60 and $7.30 over the last year, and it had a 50-day SMA of $9.48 and a 200-day SMA of $10.18.
The stock has a P/E Ratio of 17.3.
Electro Rent Corp rental, lease and sale of new and used electronic test and measurement equipment, for use in the aerospace, telecommunications, defense, electronics, industrial, and semiconductor markets.
Electro Rent Corp. is based out of Van Nuys, CA and has some 410 employees. Its CEO is Daniel Greenberg.
For a complete fundamental analysis analysis of Electro Rent Corp., check out Equities.com’s Stock Valuation Analysis report for ELRC. 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.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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