Ultimate Software Group Inc. (ULTI) Drops 7% on February 08

Equities Staff |

Ultimate Software Group Inc. (ULTI) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 7% to $154.36, a loss of $-11.62 per share. Starting at an opening price of $164.44 a share, the stock traded between $153.86 and $166.11 over the course of the trading day. Volume was 656,237 shares over 6,595 trades, against an average daily volume of 289,652 shares and a total float of 28.66 million.

The losses send Ultimate Software Group Inc. down to a market cap of $4.42 billion. In the last year, Ultimate Software Group Inc. has traded between $216.27 and $155.17, and its 50-day SMA is currently $186.08 and 200-day SMA is $180.98.

The stock has a P/E Ratio of 218.4.

Ultimate Software Group Inc is a provider of cloud-based human capital management. Its UltiPro software is a comprehensive, easy-to-use solution delivered over the Internet to organizations based in the United States and Canada.

Ultimate Software Group Inc. is based out of Weston, FL and has some 2,354 employees. Its CEO is Scott Scherr.

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