Trinet Group Inc. (TNET) Drops 7.04% on February 08

Equities Staff |

Trinet Group Inc. (TNET) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 7.04% to $12.68, a loss of $-0.96 per share. Starting at an opening price of $13.35 a share, the stock traded between $12.65 and $13.35 over the course of the trading day. Volume was 575,738 shares over 3,832 trades, against an average daily volume of 504,427 shares and a total float of 70.02 million.

The losses send Trinet Group Inc. down to a market cap of $887.88 million. In the last year, Trinet Group Inc. has traded between $38.00 and $13.30, and its 50-day SMA is currently $17.38 and 200-day SMA is $21.62.

The stock has a P/E Ratio of 40.1.

Trinet Group Inc is a provider of a human resources solution for small to medium-sized businesses. Its HR solution includes services such as payroll processing, human capital consulting, employment law compliance and employee benefits & among others.

Trinet Group Inc. is based out of San Leandro, CA and has some 2,057 employees. Its CEO is Burton M. Goldfield.

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

Emerging Growth

Beleave Inc.

Beleave Inc is a biotech company. The Company is engaged in the production of medical marijuana under the Marihuana for Medical Purposes Regulations outlined by Health Canada.

Private Markets

WayBetter

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving…

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…