RigNet (NASDAQ:RNET) Shares Up 9%
RigNet Inc (NASDAQ:RNET) shares shot up 9% on Wednesday . The company traded as high as $5.80 and last traded at $5.56, 216,600 shares traded hands during trading. An increase of 351% from the average session volume of 47,979 shares. The stock had previously closed at $5.10.
A number of brokerages have recently weighed in on RNET. National Securities began coverage on shares of RigNet in a research note on Wednesday, October 16th. They set a “buy” rating for the company. ValuEngine raised shares of RigNet from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd.
The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.40 and a current ratio of 1.40. The stock’s 50 day moving average price is $5.71 and its two-hundred day moving average price is $7.6 ...