RigNet Inc. (RNET) Jumps 12.27% on February 17

Equities Staff |

RigNet Inc. (RNET) was among the biggest gainers on the Russell 2000 for Wednesday February 17 as the stock popped 12.27% to $13.27, representing a gain of $1.45 per share. Some 93,133 shares traded hands on 1,023 trades, compared with an average daily volume of 193,504 shares out of a total float of 17.76 million. The stock opened at $12.05 and traded with an intraday range of $13.44 to $11.89.

After today's gains, RigNet Inc. reached a market cap of $235.64 million. RigNet Inc. has had a trading range between $40.27 and $11.43 over the last year, and it had a 50-day SMA of $17.22 and a 200-day SMA of $26.27.

RigNet Inc provides managed remote communications, systems integration and collaborative applications dedicated to the oil and gas industry.

RigNet Inc. is based out of Houston, TX and has some 698 employees. Its CEO is Martin Jimmerson.

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