Stein Mart Inc. (SMRT) Drops 9.59% on January 06

Equities Staff |

Stein Mart Inc. (SMRT) was one of the Russell 2000's biggest losers for Wednesday January 06 as the stock slid 9.59% to $6.79, a loss of $-0.72 per share. Starting at an opening price of $7.39 a share, the stock traded between $6.71 and $7.64 over the course of the trading day. Volume was 272,888 shares over 1,552 trades, against an average daily volume of 185,425 shares and a total float of 45.68 million.

The losses send Stein Mart Inc. down to a market cap of $310.16 million. In the last year, Stein Mart Inc. has traded between $16.65 and $6.51, and its 50-day SMA is currently $7.55 and 200-day SMA is $9.79.

The stock has a P/E Ratio of 11.7.

Stein Mart is a national retailer engaged in providing fashion merchandise, service and presentation of a department or specialty store at prices competitive with off-price retail chains.

Stein Mart Inc. is based out of Jacksonville, FL and has some 11,300 employees. Its CEO is Jay Stein.

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