Shenandoah Telecommunications Co (SHEN) had a good day on the market for Wednesday October 23 as shares jumped 5.44% to close at $32.57. About 150,039 shares traded hands on 1,953 trades for the day, compared with an average daily volume of n/a shares out of a total float of 49.86 million. After opening the trading day at $31.04, shares of Shenandoah Telecommunications Co stayed within a range of $33.04 to $31.04.
With today’s gains, Shenandoah Telecommunications Co now has a market cap of $1.62 billion. Shares of Shenandoah Telecommunications Co have been trading within a range of $51.41 and $29.61 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Shenandoah provides both regulated and unregulated telecommunications services to end users and other telecommunications providers. The company operates through three business segments, wireless, cable and wireline. Wireless is conducted through the company’s investment in Sprint Communications. Sprint derives revenue from wireless services to parts of the U.S. East Coast. The group’s cable segment generates revenue by providing video, Internet, voice services, and fiber line services. The wireline segment provides regulated and unregulated voice services, digital subscriber lines, Internet access, and long distance access services. The company owns telecommunications infrastructure.
Shenandoah Telecommunications Co is based out of Edinburg, VA and has some 1,029 employees. Its CEO is Christopher E. French.
Shenandoah Telecommunications Co 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.
