Gibraltar Industries Inc. (ROCK) Soars 14.09%

Gibraltar Industries Inc. (ROCK) Soars 14.09%

Gibraltar Industries Inc. (ROCK) had a good day on the market for Friday October 25 as shares jumped 14.09% to close at $51.42. About 1.01 million shares traded hands on 9,741 trades for the day, compared with an average daily volume of n/a shares out of a total float of 32.22 million. After opening the trading day at $48.00, shares of Gibraltar Industries Inc. stayed within a range of $53.97 to $47.61.

With today’s gains, Gibraltar Industries Inc. now has a market cap of $1.66 billion. Shares of Gibraltar Industries Inc. have been trading within a range of $47.23 and $31.96 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

Gibraltar Industries has three operating segments that use steel, aluminum, and resin to manufacture building products. The residential products segment makes a wide range of products for new residential construction and home repair. It sells to retail home centers, wholesalers, and contractors. The industrial and infrastructure products segment primarily manufactures metal products that it sells directly to contractors and industrial fabricators for use in highway and bridge construction and power generation. Renewable Energy and Conservation primarily designs and provides fully engineered solar racking systems and greenhouse structures. Most of the company’s manufacturing facilities and distribution centers are in North America and Europe, where Gibraltar generates most of its revenue.

Gibraltar Industries Inc. is based out of Buffalo, NY and has some 1,939 employees. Its CEO is William T. Bosway.

Gibraltar Industries Inc. is also 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.

Share:
Scroll Up
error: Content is protected !!