Universal Forest Products Inc. (UFPI) Jumps 6.94% on February 18

Equities Staff |

Universal Forest Products Inc. (UFPI) was among the biggest gainers on the Russell 2000 for Thursday February 18 as the stock popped 6.94% to $68.54, representing a gain of $4.4475 per share. Some 256,793 shares traded hands on 2,812 trades, compared with an average daily volume of 163,746 shares out of a total float of 20.13 million. The stock opened at $68.89 and traded with an intraday range of $73.98 to $67.65.

After today's gains, Universal Forest Products Inc. reached a market cap of $1.38 billion. Universal Forest Products Inc. has had a trading range between $78.67 and $49.75 over the last year, and it had a 50-day SMA of $66.89 and a 200-day SMA of $62.89.

The stock has a P/E Ratio of 18.3.

Universal Forest Products Inc is a holding company that provides capital, management & administrative resources to subsidiaries that supply wood, wood composite & other products to three primary markets: retail, housing and construction & industrial.

Universal Forest Products Inc. is based out of Grand Rapids, MI and has some 6,000 employees. Its CEO is Matthew J. Missad.

For a complete fundamental analysis analysis of Universal Forest Products Inc., check out Equities.com’s Stock Valuation Analysis report for UFPI. 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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