Scorpio Bulkers Inc (SALT) Drops 11.28% on February 02

Equities Staff |

Scorpio Bulkers Inc (SALT) was one of the Russell 2000's biggest losers for Tuesday February 02 as the stock slid 11.28% to $2.91, a loss of $-0.3699 per share. Starting at an opening price of $3.28 a share, the stock traded between $2.91 and $3.34 over the course of the trading day. Volume was 258,742 shares over 1,424 trades, against an average daily volume of 265,235 shares and a total float of 2.39 million.

The losses send Scorpio Bulkers Inc down to a market cap of $6.95 million. In the last year, Scorpio Bulkers Inc has traded between $35.39 and $2.83, and its 50-day SMA is currently $7.35 and 200-day SMA is $18.07.

Scorpio Bulkers Inc is engaged in acquiring and operating newbuilding drybulk carriers with fuel-efficient specifications and carrying capacities of greater than 30,000 dwt in the international shipping markets. It owns two Kamsarmax vessels.

Scorpio Bulkers Inc is based out of Monaco, and has some 3 employees. Its CEO is Emanuele A. Lauro.

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