Summit Hotel Properties Inc (INN) was among the biggest gainers on the Russell 2000 for Tuesday January 26 as the stock popped 5.23% to $10.06, representing a gain of $0.5 per share. Some 410,562 shares traded hands on 3,294 trades, compared with an average daily volume of 424,541 shares out of a total float of 86.73 million. The stock opened at $9.64 and traded with an intraday range of $10.12 to $9.57.
After today's gains, Summit Hotel Properties Inc reached a market cap of $872.5 million. Summit Hotel Properties Inc has had a trading range between $14.61 and $9.00 over the last year, and it had a 50-day SMA of $11.87 and a 200-day SMA of $12.56.
The stock has a P/E Ratio of 29.
Summit Hotel Properties Inc is a self-managed hotel investment company. The Company is engaged in acquiring and owning premium-branded select-service hotels in the upscale and upper midscale segments of the U.S. lodging industry.
Summit Hotel Properties Inc is based out of Austin, TX and has some 39 employees. Its CEO is Daniel Hansen.
For a complete fundamental analysis analysis of Summit Hotel Properties Inc, check out Equities.com’s Stock Valuation Analysis report for INN. 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.