LogMeIn Inc. (LOGM) Drops 5.87% on January 27

Equities Staff |

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.

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

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.

Private Markets

Dropbox, Inc.

Dropbox is a service that allows their users to bring all photos, docs, and videos anywhere, and share them easily. Any file saved to Dropbox will automatically save to all…

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…