Tenneco (TEN) Drops 7.37% on January 13

Equities Staff |

Tenneco (TEN) was one of the Russell 2000's biggest losers for Wednesday January 13 as the stock slid 7.37% to $38.33, a loss of $-3.05 per share. Starting at an opening price of $41.97 a share, the stock traded between $37.96 and $42.58 over the course of the trading day. Volume was 912,377 shares over 7,782 trades, against an average daily volume of 617,084 shares and a total float of 57.81 million.

The losses send Tenneco down to a market cap of $2.22 billion. In the last year, Tenneco has traded between $61.73 and $39.13, and its 50-day SMA is currently $49.97 and 200-day SMA is $52.48.

The stock has a P/E Ratio of 12.7.

Tenneco Inc produces clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. It serves original equipment vehicle manufacturers and repair and replacement markets or aftermarket.

Tenneco is based out of Lake Forest, IL and has some 29,000 employees. Its CEO is Gregg M. Sherrill.

For a complete fundamental analysis analysis of Tenneco, check out Equities.com’s Stock Valuation Analysis report for TEN. 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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