Gorman-Rupp Co. (GRC) Drops 7.88% on January 21

Equities Staff |

Gorman-Rupp Co. (GRC) was one of the Russell 2000's biggest losers for Thursday January 21 as the stock slid 7.88% to $21.50, a loss of $-1.84 per share. Starting at an opening price of $23.15 a share, the stock traded between $21.50 and $23.15 over the course of the trading day. Volume was 42,247 shares over 411 trades, against an average daily volume of 42,902 shares and a total float of 26.08 million.

The losses send Gorman-Rupp Co. down to a market cap of $560.8 million. In the last year, Gorman-Rupp Co. has traded between $32.60 and $18.14, and its 50-day SMA is currently $27.37 and 200-day SMA is $26.54.

The stock has a P/E Ratio of 22.2.

Gorman-Rupp Co designs, manufactures and sells pumps and related equipment for use in water, wastewater, construction, industrial, original equipment, agriculture, fire protection, heating, ventilating and other liquid-handling application.

Gorman-Rupp Co. is based out of Mansfield, OH and has some 1,247 employees. Its CEO is Jeffrey S. Gorman.

For a complete fundamental analysis analysis of Gorman-Rupp Co., check out Equities.com’s Stock Valuation Analysis report for GRC. 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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