Installed Building Products Inc (IBP) Drops 6.55% on December 21

Equities Staff |

Installed Building Products Inc (IBP) was one of the Russell 2000's biggest losers for Monday December 21 as the stock slid 6.55% to $23.26, a loss of $-1.63 per share. Starting at an opening price of $24.84 a share, the stock traded between $23.21 and $24.84 over the course of the trading day. Volume was 567,267 shares over 3,014 trades, against an average daily volume of 218,151 shares and a total float of 31.37 million.

The losses send Installed Building Products Inc down to a market cap of $729.58 million. In the last year, Installed Building Products Inc has traded between $29.97 and $16.88, and its 50-day SMA is currently $23.97 and 200-day SMA is $24.30.

The stock has a P/E Ratio of 32.3.

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.

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