MasTec Inc. (MTZ) Drops 11.15% on February 08

Equities Staff |

MasTec Inc. (MTZ) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 11.15% to $13.23, a loss of $-1.66 per share. Starting at an opening price of $14.62 a share, the stock traded between $12.95 and $14.62 over the course of the trading day. Volume was 805,815 shares over 6,641 trades, against an average daily volume of 1.26 million shares and a total float of 79.89 million.

The losses send MasTec Inc. down to a market cap of $1.06 billion. In the last year, MasTec Inc. has traded between $22.75 and $12.80, and its 50-day SMA is currently $16.74 and 200-day SMA is $17.52.

The stock has a P/E Ratio of 67.7.

MasTec Inc is an infrastructure construction company. It is engaged in engineering, building, installing, maintaining, and upgrading energy, communication, and utility infrastructure in North America.

MasTec Inc. is based out of Coral Gables, FL and has some 17,500 employees. Its CEO is Jose R. Mas.

For a complete fundamental analysis analysis of MasTec Inc., check out Equities.com’s Stock Valuation Analysis report for MTZ. 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

Taranis Resources Inc.

Taranis Resources Inc is an exploration stage company. The Company along with its subsidiaries is engaged in the acquisition and exploration of mineral properties. Its projects include Thor Property in…

Private Markets

iPRO Network, LLC

We provide the platform, tools, and resources to empower individuals and professionals to market desirable goods and services to the public, taking the place of traditional methods of commerce.

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…