SP Plus Corporation (SP) Drops 6.01% on January 12

Equities Staff  |

SP Plus Corporation (SP) was one of the Russell 2000's biggest losers for Tuesday January 12 as the stock slid 6.01% to $22.06, a loss of $-1.41 per share. Starting at an opening price of $23.74 a share, the stock traded between $21.92 and $23.74 over the course of the trading day. Volume was 32,271 shares over 343 trades, against an average daily volume of 39,182 shares and a total float of 22.23 million.

The losses send SP Plus Corporation down to a market cap of $490.43 million. In the last year, SP Plus Corporation has traded between $27.41 and $18.50, and its 50-day SMA is currently $24.59 and 200-day SMA is $24.27.

The stock has a P/E Ratio of 22.1.

SP Plus Corp is a provider of parking management, ground transportation and other ancillary services to commercial, institutional and municipal clients in the United States Puerto Rico and Canada.

SP Plus Corporation is based out of Chicago, IL and has some 24,030 employees. Its CEO is G. Marc Baumann.

For a complete fundamental analysis analysis of SP Plus Corporation, check out Equities.com’s Stock Valuation Analysis report for SP. 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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