Resource America Inc. (REXI) Drops 6.44% on January 19

Equities Staff |

Resource America Inc. (REXI) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 6.44% to $4.50, a loss of $-0.31 per share. Starting at an opening price of $4.83 a share, the stock traded between $4.47 and $5.07 over the course of the trading day. Volume was 25,839 shares over 227 trades, against an average daily volume of 96,932 shares and a total float of 21.17 million.

The losses send Resource America Inc. down to a market cap of $95.26 million. In the last year, Resource America Inc. has traded between $9.63 and $3.54, and its 50-day SMA is currently $5.35 and 200-day SMA is $7.19.

Resource America Inc is an asset management company that uses industry specific expertise to evaluate, originate, service and manage investment opportunities through its real estate, commercial finance and financial fund management sector.

Resource America Inc. is based out of Philadelphia, PA and has some 747 employees. Its CEO is Jonathan Z. Cohen / Alan F. Feldman.

For a complete fundamental analysis analysis of Resource America Inc., check out Equities.com’s Stock Valuation Analysis report for REXI. 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Beleave Inc.

Beleave Inc is a biotech company. The Company is engaged in the production of medical marijuana under the Marihuana for Medical Purposes Regulations outlined by Health Canada.

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…