The Providence Service Corporation (PRSC) Plunges 9.01%

The Providence Service Corporation (PRSC) Plunges 9.01%

The Providence Service Corporation (PRSC) had a rough trading day for Wednesday November 13 as shares tumbled 9.01%, or a loss of $-6.39 per share, to close at $64.53. After opening the day at $70.41, shares of The Providence Service Corporation traded as high as $70.41 and as low as $63.49. Volume was 214,050 shares over 2,977 trades, against an average daily volume of n/a shares and a total float of 12.9 million.

As a result of the decline, The Providence Service Corporation now has a market cap of $832.4 million. In the last year, shares of The Providence Service Corporation have traded between a range of $74.73 and $46.53, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

The Providence Service Corp the United States based company provides and manages government sponsored non-emergency transportation and development services. Its segments include Non-Emergency Transportation Services (NET Services); and Matrix Investment. Non-Emergency Transportation Services (NET Services)-Nationwide manager of non-emergency medical transportation (NET) programs for state governments and managed care organizations. Its Matrix Investment segment includes minority interest in nationwide provider of in-home care optimization and management solutions.

The Providence Service Corporation is based out of Stamford, CT and has some 4,000 employees. Its CEO is R. Carter Pate.

The Providence Service Corporation 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.

error: Content is protected !!