Red Hat Inc. (RHT) experienced unusually high volume on Dec. 21, as the stock gained 3.22% to a closing price of $81.40. The stock saw 7.79 million shares trade hands over the course of the day on 56,206 trades. Given that the stock’s average daily volume over the last month has been 1.69 million shares a day, this represents a pretty substantial spike over the norm.
Red Hat Inc. has a P/B ratio of 10.88. It also has a P/E ratio of 78.3. The stock has traded between $83.99 and $62.43 over the last 52-weeks, its 50-day SMA is now $79.58, and its 200-day SMA $76.31.
Red Hat Inc is a provider of open source software solutions, using a community-powered approach to develop and offer reliable and high-performing operating system, middleware, virtualization, storage and cloud technologies.
Headquartered in Raleigh, NC, Red Hat Inc. has 7,300 employees and is currently under the leadership of CEO James M. Whitehurst.
For a complete fundamental analysis analysis of Red Hat Inc., check out Equities.com’s Stock Valuation Analysis report for RHT. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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