NewStar Financial Inc. (NEWS) Jumps 23.62% on February 12

Equities Staff |

NewStar Financial Inc. (NEWS) was among the biggest gainers on the Russell 2000 for Friday February 12 as the stock popped 23.62% to $6.36, representing a gain of $1.215 per share. Some 138,072 shares traded hands on 638 trades, compared with an average daily volume of 37,392 shares out of a total float of 45.88 million. The stock opened at $5.22 and traded with an intraday range of $6.95 to $5.22.

After today's gains, NewStar Financial Inc. reached a market cap of $291.81 million. NewStar Financial Inc. has had a trading range between $12.86 and $4.25 over the last year, and it had a 50-day SMA of $7.96 and a 200-day SMA of $9.80.

The stock has a P/E Ratio of 14.7.

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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