H&R Block Inc. (HRB) Dips 2.98% for March 12

Equities Staff  |

Among the S&P 500’s biggest fallers on Tuesday March 12 was H&R Block Inc. (HRB). The stock experienced a 2.98% decline to $24.13 with 4.99 million shares changing hands.

H&R Block Inc. started at an opening price of 24.92 and hit a high of $24.92 and a low of $23.79. Ultimately, the stock took a hit and finished the day at $0.74 per share. H&R Block Inc. trades an average of 3.36 million shares a day out of a total 203.29 million shares outstanding. The current moving averages are a 50-day SMA of $24.74 and a 200-day SMA of $25.47. H&R Block Inc. hit a high of $29.81 and a low of $22.45 over the last year.

H&R Block provides income tax return preparation services, digital do-it-yourself tax solutions, and other services related to income tax preparation to the general public primarily in the United States, Canada, and Australia. The company mainly prepares tax returns for customers within the United States through its company-owned offices, franchise locations, and online tax software. The vast majority of H&R Block's offices are located in the U.S. The company derives most of its total revenue from U.S. assisted tax preparation fees. Revenue from franchise and product royalties and digital do-it-yourself tax solutions is also relatively significant.

With its headquarters located in Kansas City, MO, H&R Block Inc. employs 2,700 people. After today’s trading, the company’s market cap has fallen to $4.91 billionAs for its value, has a P/E ratio of <7.7, a P/S of 1.6, a P/B of -22.98, and a P/FCF of 3.9.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on H&R Block Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: HRB’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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