RingCentral (RNG) Jumps 7.23% on February 16

Equities Staff |

RingCentral (RNG) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 7.23% to $17.49, representing a gain of $1.18 per share. Some 417,718 shares traded hands on 3,485 trades, compared with an average daily volume of 751,512 shares out of a total float of 70.95 million. The stock opened at $16.61 and traded with an intraday range of $17.51 to $16.51.

After today's gains, RingCentral reached a market cap of $1.24 billion. RingCentral has had a trading range between $25.67 and $14.42 over the last year, and it had a 50-day SMA of $22.17 and a 200-day SMA of $19.55.

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.

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


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