Kadant Inc (KAI) was among the biggest gainers on the Russell 2000 for Tuesday January 26 as the stock popped 5.98% to $36.87, representing a gain of $2.08 per share. Some 45,035 shares traded hands on 309 trades, compared with an average daily volume of 53,918 shares out of a total float of 10.78 million. The stock opened at $34.86 and traded with an intraday range of $36.91 to $34.53.
After today's gains, Kadant Inc reached a market cap of $397.45 million. Kadant Inc has had a trading range between $56.29 and $33.38 over the last year, and it had a 50-day SMA of $39.81 and a 200-day SMA of $43.70.
The stock has a P/E Ratio of 11.7.
Kadant Inc develops, manufactures, and markets equipment and products for the papermaking, paper recycling and other process industries. It also designs and manufactures stranders and related equipment used in the production of oriented strand board.
Kadant Inc is based out of Westford, MA and has some 1,800 employees. Its CEO is Jonathan W. Painter.
For a complete fundamental analysis analysis of Kadant Inc, check out Equities.com’s Stock Valuation Analysis report for KAI. 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.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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