RAIT Financial Trust New of Beneficial Interest (RAS) had a rough trading day for Wednesday August 30 as
tumbled 10.81%, or a loss of $-0.0908 per share, to close at $0.75. After opening the day at $0.84, shares of RAIT Financial Trust New of Beneficial Interest traded as high as $0.84 and as
low as $0.72. Volume was 1.95 million shares over 5,323 trades, against an average daily volume of 875,333 shares and a total float of 93.11 million.
As a result of the decline, RAIT Financial Trust New of Beneficial Interest now has a market cap of $69.76 million. In the last
year, shares of RAIT Financial Trust New of Beneficial Interest have traded between a range of $3.91 and $0.83, and its 50-day SMA is currently $1.66 and 200-day SMA is $2.52.
For a complete fundamental analysis of RAIT Financial Trust New of Beneficial Interest, check out Equities.com’s Stock Valuation Analysis report for
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RAIT Financial Trust through its subsidiaries invests in and manages a portfolio of real-estate related assets, including direct ownership of real estate properties, and provides a set of debt financing options to the real estate industry.
RAIT Financial Trust New of Beneficial Interest is based out of Philadelphia, PA and has some 226 employees. Its CEO is Scott L.N. Davidson.
RAIT Financial Trust New of Beneficial Interest is a component of the Russell 2000. 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.
To get more information on RAIT Financial Trust New of Beneficial Interest and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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