RAIT Financial Trust (RAS) Drops 9.16% on January 12

Equities Staff |

RAIT Financial Trust (RAS) was one of the Russell 2000's biggest losers for Tuesday January 12 as the stock slid 9.16% to $2.28, a loss of $-0.2299 per share. Starting at an opening price of $2.56 a share, the stock traded between $2.18 and $2.58 over the course of the trading day. Volume was 1.56 million shares over 4,555 trades, against an average daily volume of 915,966 shares and a total float of 91.24 million.

The losses send RAIT Financial Trust down to a market cap of $208.03 million. In the last year, RAIT Financial Trust has traded between $7.57 and $2.25, and its 50-day SMA is currently $3.57 and 200-day SMA is $4.98.

Rait Financial Trust through its subsidiaries invests in and manages a portfolio of real-estate related assets, including direct ownership of real estate properties, and provides a set of debt financing options to the real estate industry.

RAIT Financial Trust is based out of Philadelphia, PA and has some 794 employees. Its CEO is Scott F. Schaeffer.

For a complete fundamental analysis analysis of RAIT Financial Trust, check out Equities.com’s Stock Valuation Analysis report for RAS. 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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