GMS Inc. (GMS) Plunges 13.12% on March 05

GMS Inc. (GMS) Plunges 13.12% on March 05

GMS Inc. (GMS) had a rough trading day for Tuesday March 05 as shares tumbled 13.12%, or a loss of $-2.58 per share, to close at $17.09. After opening the day at $19.36, shares of GMS Inc. traded as high as $19.54 and as low as $17.06. Volume was 1.02 million shares over 7,807 trades, against an average daily volume of 665,002 shares and a total float of 41.18 million.

As a result of the decline, GMS Inc. now has a market cap of $703.8 million.

The stock has a P/E Ratio of 13.4.

GMS Inc is a North American-based supplier of building materials. The company principally operates through three main product lines, which are Wallboards, Ceilings, and Steel Framings. In addition, it also supplies a comprehensive inventory of other building materials, including FRP boards, metal framing, insulation, and various other related interior construction products; however, the majority of the company’s revenue is generated by the Wallboard segment. The company’s main customers include contractors as well as home builders.

GMS Inc. is based out of Tucker, GA and has some 4,642 employees.

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