North Atlantic Drilling Ltd (NADL) was one of the Russell 2000's biggest losers for Monday January 11 as the stock slid 8.74% to $1.67, a loss of $-0.16 per share. Starting at an opening price of $1.91 a share, the stock traded between $1.60 and $1.97 over the course of the trading day. Volume was 92,942 shares over 423 trades, against an average daily volume of 66,100 shares and a total float of 2.41 million.
The losses send North Atlantic Drilling Ltd down to a market cap of $4.03 million. In the last year, North Atlantic Drilling Ltd has traded between $23.70 and $1.80, and its 50-day SMA is currently $4.97 and 200-day SMA is $9.60.
North Atlantic Drilling Ltd is engaged in providing offshore drilling services to the oil and gas industry. The Company currently operates exclusively in Norway and the United Kingdom.
North Atlantic Drilling Ltd is based out of Hamilton, and has some 1,405 employees. Its CEO is Alf Lovdal.
For a complete fundamental analysis analysis of North Atlantic Drilling Ltd, check out Equities.com’s Stock Valuation Analysis report for NADL. 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.
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