Fleetmatics Group (FLTX) Jumps 7.07% on February 16

Equities Staff  |

Fleetmatics Group (FLTX) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 7.07% to $40.74, representing a gain of $2.69 per share. Some 303,402 shares traded hands on 2,644 trades, compared with an average daily volume of 517,086 shares out of a total float of 38.58 million. The stock opened at $38.50 and traded with an intraday range of $41.09 to $38.41.

After today's gains, Fleetmatics Group reached a market cap of $1.57 billion. Fleetmatics Group has had a trading range between $62.86 and $36.92 over the last year, and it had a 50-day SMA of $47.92 and a 200-day SMA of $48.75.

The stock has a P/E Ratio of 38.8.

FleetMatics Group PLC is engaged in providing fleet management solutions delivered as software-as-a-service, or SaaS. The Company offers intuitive, cost-effective Web-based and mobile application solutions.

Fleetmatics Group is based out of Dublin, and has some 836 employees. Its CEO is James M. Travers.

For a complete fundamental analysis analysis of Fleetmatics Group, check out Equities.com’s Stock Valuation Analysis report for FLTX. 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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