RingCentral (RNG) was one of the Russell 2000's biggest losers for Wednesday January 13 as the stock slid 5.83% to $21.01, a loss of $-1.3 per share. Starting at an opening price of $22.35 a share, the stock traded between $20.58 and $22.43 over the course of the trading day. Volume was 458,909 shares over 3,395 trades, against an average daily volume of 669,912 shares and a total float of 70.95 million.
The losses send RingCentral down to a market cap of $1.49 billion. In the last year, RingCentral has traded between $25.67 and $13.30, and its 50-day SMA is currently $22.69 and 200-day SMA is $19.12.
RingCentral Inc., provides software-as-a-service, or SaaS, solutions for business communications. Its solutions can be used in multiple devices including Smartphones, Tablets, PC's and Desk Phones which allow communication across multiple channels.
RingCentral is based out of San Mateo, CA and has some 609 employees. Its CEO is Vladimir Shmunis.
For a complete fundamental analysis analysis of RingCentral, check out Equities.com’s Stock Valuation Analysis report for RNG. 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.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.