Installed Building Products Inc (IBP) Drops 5.11% on January 04

Equities Staff |

Installed Building Products Inc (IBP) was one of the Russell 2000's biggest losers for Monday January 04 as the stock slid 5.11% to $23.56, a loss of $-1.27 per share. Starting at an opening price of $24.21 a share, the stock traded between $23.32 and $24.49 over the course of the trading day. Volume was 145,250 shares over 1,453 trades, against an average daily volume of 205,548 shares and a total float of 31.37 million.

The losses send Installed Building Products Inc down to a market cap of $738.99 million. In the last year, Installed Building Products Inc has traded between $29.97 and $16.88, and its 50-day SMA is currently $23.85 and 200-day SMA is $24.45.

The stock has a P/E Ratio of 34.5.

Installed Building Products Inc is a holding company. The Company through its subsidiaries is engaged in residential insulation installer. It also installs complementary building products, including garage doors, rain gutters, shower doors, among others.

Installed Building Products Inc is based out of Columbus, OH and has some 3,600 employees. Its CEO is Jeffrey W. Edwards.

For a complete fundamental analysis analysis of Installed Building Products Inc, check out Equities.com’s Stock Valuation Analysis report for IBP. 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

Comments

Emerging Growth

Lomiko Metals Inc.

Lomiko Metals Inc is an exploration stage company. It is engaged in the acquisition, exploration and development of resource properties. Its projects include Vines Lake project and Quatre - Milles…

Private Markets

GoCoin

Blockchain currencies (e.g. Bitcoin) provide a new disruptive way to transfer value between parties over the internet as opposed to going through banks. GoCoin provides online merchants with a suite…

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…