Ignite Restaurant Group Inc. (IRG) Drops 12.1% on January 13

Equities Staff |

Ignite Restaurant Group Inc. (IRG) was one of the Russell 2000's biggest losers for Wednesday January 13 as the stock slid 12.1% to $3.27, a loss of $-0.45 per share. Starting at an opening price of $3.72 a share, the stock traded between $3.27 and $3.88 over the course of the trading day. Volume was 20,185 shares over 53 trades, against an average daily volume of 30,456 shares and a total float of 26.14 million.

The losses send Ignite Restaurant Group Inc. down to a market cap of $85.49 million. In the last year, Ignite Restaurant Group Inc. has traded between $7.93 and $3.25, and its 50-day SMA is currently $3.94 and 200-day SMA is $4.48.

Ignite Restaurant Group Inc is a diversified restaurant company that operates a portfolio of three restaurant brands, Joe's Crab Shack (Joe's), Brick House Tavern + Tap (Brick House) and Romano's Macaroni Grill.

Ignite Restaurant Group Inc. is based out of Houston, TX and has some 18,600 employees. Its CEO is Robert S. Merritt.

For a complete fundamental analysis analysis of Ignite Restaurant Group Inc., check out Equities.com’s Stock Valuation Analysis report for IRG. 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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