McDermott International Inc. (MDR) had a rough trading day for Monday October 21 as shares tumbled 13.19%, or a loss of $-0.31 per share, to close at $2.04. After opening the day at $2.84, shares of McDermott International Inc. traded as high as $3.03 and as low as $2.01. Volume was 61.03 million shares over 98,707 trades, against an average daily volume of n/a shares and a total float of 181.73 million.
As a result of the decline, McDermott International Inc. now has a market cap of $370.73 million. In the last year, shares of McDermott International Inc. have traded between a range of $14.35 and $1.44, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
McDermott International Inc provides integrated engineering, procurement, construction and installation, and module fabrication services for oil and gas field developments worldwide. The company delivers fixed and floating production facilities, pipeline installations, and subsea systems for complex offshore and subsea oil and gas projects. Revenue is derived internationally, and customers include national, major integrated, and other oil and gas companies. Contracts are executed through a series of different methods, principally fixed-price, but also include fixed reimbursable, cost-plus, day-rate, and unit-rate basis.
McDermott International Inc. is based out of Houston, TX and has some 31,900 employees. Its CEO is David Dickson.
McDermott International Inc. 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.
