LogMeIn Inc. (LOGM) was one of the Russell 2000's biggest losers for Wednesday January 27 as the stock slid 5.87% to $51.03, a loss of $-3.18 per share. Starting at an opening price of $53.75 a share, the stock traded between $51.03 and $53.94 over the course of the trading day. Volume was 185,221 shares over 2,082 trades, against an average daily volume of 258,893 shares and a total float of 25.06 million.
The losses send LogMeIn Inc. down to a market cap of $1.28 billion. In the last year, LogMeIn Inc. has traded between $75.42 and $46.01, and its 50-day SMA is currently $65.49 and 200-day SMA is $65.74.
The stock has a P/E Ratio of 120.5.
LogMeIn Inc provides cloud-based services making it possible for people and businesses to simply and securely connect to their workplace, colleagues and customers. Its products include LogMeIn Backup, LogMeIn Hamachi, AppGuru, BoldChat and Cubby.
LogMeIn Inc. is based out of Boston, MA and has some 964 employees. Its CEO is William R. Wagner.
For a complete fundamental analysis analysis of LogMeIn Inc., check out Equities.com’s Stock Valuation Analysis report for LOGM. 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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