Thermon Group Holdings (THR) Drops 5.06% on February 03

Equities Staff |

Thermon Group Holdings (THR) was one of the Russell 2000's biggest losers for Wednesday February 03 as the stock slid 5.06% to $15.40, a loss of $-0.82 per share. Starting at an opening price of $15.15 a share, the stock traded between $13.97 and $15.50 over the course of the trading day. Volume was 436,073 shares over 2,733 trades, against an average daily volume of 192,668 shares and a total float of 32.21 million.

The losses send Thermon Group Holdings down to a market cap of $496.02 million. In the last year, Thermon Group Holdings has traded between $25.63 and $14.97, and its 50-day SMA is currently $16.84 and 200-day SMA is $21.13.

The stock has a P/E Ratio of 14.

Thermon Group Holdings Inc provides engineered thermal solutions for process industries. Its products include heating cables, tubing bundles & control systems; and services include design optimization, engineering, installation & maintenance services.

Thermon Group Holdings is based out of San Marcos, TX and has some 991 employees. Its CEO is Rodney L. Bingham.

For a complete fundamental analysis analysis of Thermon Group Holdings, check out Equities.com’s Stock Valuation Analysis report for THR. 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

Comments

Private Markets

Almond Smart Home Router by Securifi

Securifi sells user friendly touch screen routers that also have support for IoT/home automation.Securifi’s Almond revolutionized wireless router setup with its easy to use Touchscreen Interface in 2012. Now our…

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…