Otter Tail Corporation (OTTR) Plunges 5.09% on October 28

Equities Staff  |

Otter Tail Corporation (OTTR) had a rough trading day for Wednesday October 28 as shares tumbled 5.09%, or a loss of $-2.05 per share, to close at $38.24. After opening the day at $39.45, shares of Otter Tail Corporation traded as high as $40.28 and as low as $38.03. Volume was 439,066 shares over 3,313 trades, against an average daily volume of n/a shares and a total float of 40.87 million.

As a result of the decline, Otter Tail Corporation now has a market cap of $1.56 billion. In the last year, shares of Otter Tail Corporation have traded between a range of $57.75 and $30.96, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Otter Tail Corporation, check out Equities.com’s Stock Valuation Analysis report for OTTR.

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Otter Tail Corp is a U.S. energy company that primarily operates in the electric (produces and sells electricity), manufacturing (fabricates metal components), and plastics segments (pipes for water uses). The company primarily conducts its operations and acquires the majority of its revenue in the U.S. in the states of Minnesota, South Dakota, and North Dakota, but also generates some revenue from its operations in Mexico, Canada, and Panama. The majority of the company's revenue is derived from the Electric segment and from commercial customers, although it generates revenue from residential and industrial customers, as well.

Otter Tail Corporation is based out of Fergus Falls, MN and has some 2,862 employees. Its CEO is Charles S. Macfarlane.

Otter Tail Corporation is a component of the Russell 2000. 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.

To get more information on Otter Tail Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: OTTR’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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