Ellie Mae (ELLI) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 5.82% to $65.24, representing a gain of $3.59 per share. Some 439,828 shares traded hands on 4,467 trades, compared with an average daily volume of 543,998 shares out of a total float of 29.82 million. The stock opened at $62.68 and traded with an intraday range of $65.85 to $62.57.
After today's gains, Ellie Mae reached a market cap of $1.95 billion. Ellie Mae has had a trading range between $82.92 and $42.39 over the last year, and it had a 50-day SMA of $62.92 and a 200-day SMA of $67.14.
The stock has a P/E Ratio of 86.8.
Ellie Mae Inc together with its subsidiaries is a provider of on-demand software solutions & services for residential mortgage industry. Its mortgage management solutions help streamline & automate the process of originating & funding new mortgage loans.
Ellie Mae is based out of Pleasanton, CA and has some 342 employees. Its CEO is Jonathan H. Corr.
For a complete fundamental analysis analysis of Ellie Mae, check out Equities.com’s Stock Valuation Analysis report for ELLI. 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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