Steelcase Inc. (SCS) Drops 22.58% on December 22

Equities Staff |

Steelcase Inc. (SCS) was one of the Russell 2000's biggest losers for Tuesday December 22 as the stock slid 22.58% to $14.62, a loss of $-4.2631 per share. Starting at an opening price of $15.14 a share, the stock traded between $14.35 and $15.45 over the course of the trading day. Volume was 6.72 million shares over 40,991 trades, against an average daily volume of 538,994 shares and a total float of 122.15 million.

The losses send Steelcase Inc. down to a market cap of $1.79 billion. In the last year, Steelcase Inc. has traded between $20.45 and $16.06, and its 50-day SMA is currently $19.41 and 200-day SMA is $18.41.

The stock has a P/E Ratio of 25.9.

Steelcase Inc is engaged in in furnishing the work experience in business, education and healthcare environments. Its brands include Steelcase, Coalesse, Details, Designtex, PolyVision and Turnstone.

Steelcase Inc. is based out of Grand Rapids, MI and has some 12,400 employees. Its CEO is James P. Keane.

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