Progress Software Corporation (symbol: PRGS) was one of the worst losers of
the trading day today (2015-10-02), losing -10.26%. The number of shares
that changed hands was 1,628,011, or about 7 times the average daily volume
in the stock.
The closing price was $23.0, amounting to a market cap of $1,150,000,000,
about -24.76% off the highest price in the last 12 months. The stock has
been trading at a range between $21.94 and $30.57.
PRGS is in the Computer Software: Prepackaged Software industry, part of
the Technology sector. It first went public in 1991.
Looking at its valuation, the stock is now trading at 38.98 times earnings.
No comments:
Post a Comment