LogMeIn Inc. (LOGM) Jumps 7.66% on February 16

Equities Staff |

LogMeIn Inc. (LOGM) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 7.66% to $48.48, representing a gain of $3.45 per share. Some 558,092 shares traded hands on 6,262 trades, compared with an average daily volume of 268,878 shares out of a total float of 25.06 million. The stock opened at $45.35 and traded with an intraday range of $48.79 to $43.41.

After today's gains, LogMeIn Inc. reached a market cap of $1.21 billion. LogMeIn Inc. has had a trading range between $75.42 and $35.00 over the last year, and it had a 50-day SMA of $59.32 and a 200-day SMA of $65.04.

The stock has a P/E Ratio of 80.4.

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.

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