Nortek Inc. (NTK) Drops 7.41% on February 05

Equities Staff |

Nortek Inc. (NTK) was one of the Russell 2000's biggest losers for Friday February 05 as the stock slid 7.41% to $36.11, a loss of $-2.89 per share. Starting at an opening price of $38.96 a share, the stock traded between $36.07 and $42.18 over the course of the trading day. Volume was 23,867 shares over 297 trades, against an average daily volume of 53,680 shares and a total float of 16.26 million.

The losses send Nortek Inc. down to a market cap of $587.3 million. In the last year, Nortek Inc. has traded between $92.96 and $33.96, and its 50-day SMA is currently $42.03 and 200-day SMA is $66.75.

Nortek Inc offers technology-driven products and solutions for lifestyle improvement at home and at work. Through its segments it manufactures and sells in the United States, Canada, and Europe.

Nortek Inc. is based out of Providence, RI and has some 11,200 employees. Its CEO is Michael J. Clarke.

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