FairPoint Communications Inc. (FRP) Jumps 5.3% on February 02

Equities Staff |

FairPoint Communications Inc. (FRP) was among the biggest gainers on the Russell 2000 for Tuesday February 02 as the stock popped 5.3% to $14.69, representing a gain of $0.74 per share. Some 108,739 shares traded hands on 845 trades, compared with an average daily volume of 99,497 shares out of a total float of 26.91 million. The stock opened at $13.95 and traded with an intraday range of $14.70 to $13.95.

After today's gains, FairPoint Communications Inc. reached a market cap of $395.24 million. FairPoint Communications Inc. has had a trading range between $20.98 and $13.89 over the last year, and it had a 50-day SMA of $16.30 and a 200-day SMA of $17.22.

The stock has a P/E Ratio of 136.9.

FairPoint Communications Inc provides communications services to business, wholesale and residential customers. It service offerings including; Data and Internet Services; Voice Services; Access; and Other Services.

FairPoint Communications Inc. is based out of Charlotte, NC and has some 3,052 employees. Its CEO is Paul H. Sunu.

For a complete fundamental analysis analysis of FairPoint Communications Inc., check out Equities.com’s Stock Valuation Analysis report for FRP. 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer


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