ServiceSource International Inc. (SREV) had a good day on the market for Friday October 25 as shares jumped 13.66% to close at $1.04. About 375,514 shares traded hands on 1,037 trades for the day, compared with an average daily volume of n/a shares out of a total float of 94.08 million. After opening the trading day at $0.91, shares of ServiceSource International Inc. stayed within a range of $1.10 to $0.91.
With today’s gains, ServiceSource International Inc. now has a market cap of $97.85 million. Shares of ServiceSource International Inc. have been trading within a range of $1.48 and $0.70 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
ServiceSource International Inc is a provider of customer and revenue lifecycle management solutions. The firm operates in a single segment which is focused on service offerings that integrate data, processes and cloud technologies. The company generates revenue through a pay-for-performance model, where clients pay a commission based on renewal sales generated. A majority of the firm’s revenue is generated in North America and Latin America, and the rest from Europe, the Middle East, Africa, and Asia-Pacific.
ServiceSource International Inc. is based out of Denver, CO and has some 3,914 employees. Its CEO is Gary B. Moore.
ServiceSource International 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.