NewStar Financial Inc. (NEWS) Drops 5.35% on January 04

Equities Staff |

NewStar Financial Inc. (NEWS) was one of the Russell 2000's biggest losers for Monday January 04 as the stock slid 5.35% to $8.50, a loss of $-0.48 per share. Starting at an opening price of $8.76 a share, the stock traded between $7.97 and $8.77 over the course of the trading day. Volume was 45,738 shares over 531 trades, against an average daily volume of 38,554 shares and a total float of 45.88 million.

The losses send NewStar Financial Inc. down to a market cap of $390 million. In the last year, NewStar Financial Inc. has traded between $12.86 and $7.85, and its 50-day SMA is currently $9.36 and 200-day SMA is $10.44.

The stock has a P/E Ratio of 31.

NewStar Financial Inc is a commercial finance company. It is also an investment adviser & provides asset management services to institutional investors through managed credit funds that co-invest in certain types of loans originated by the Company.

NewStar Financial Inc. is based out of Boston, MA and has some 98 employees. Its CEO is Timothy J. Conway.

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