RAIT Financial Trust (RAS) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $2.20, RAIT Financial Trust dropped to $1.98 for a new 52-week low. By the closing bell, the company's stock was at $2.39 a share for a gain of 7.65%.
However one plays it, it's often a critical moment for any stock and should be noted by investors.
RAIT Financial Trust saw 1.47 million shares of its stock trade hands, that's out of 91.24 million shares outstand. The stock has an average daily volume of 926,087 shares. After hitting a new 52-week low, RAIT Financial Trust enters the new trading day with a market cap of 218.04 million, a 50-day SMA of $3.47 and a 200-day SMA of $4.95
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.
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 has 794 employees, is led by CEO Scott F. Schaeffer, and makes its home in Philadelphia, PA.
RAIT Financial Trust is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.