September 8, 2016 - 10:35 PM EDT
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Tech Stocks Paced by 4.21% Gain by RigNet Inc. (RNET) on September 8

RigNet Inc. (RNET) was one of the best performers amongst all companies listed in the technology sector on the NYSE and NASDAQ exchanges during trading on September 8, climbing 4.21% to wrap the day at $12.87 after closing the day prior at $12.35. Throughout the trading session, shares of RNET rose as high as $12.94 and dipped as low as $12.43. Today's advance came with about 129,081 shares changing hands, compared to an average 30-day volume of 77,949 for RigNet Inc.. The price is currently below the 30-day volume weighted average price of $12.68 for RNET. The share appreciation today gives the company a market capitalization of $219.91 million based upon 17.81 million shares outstanding. It also means that RNET has a price-to-book ratio of 1.86:1. In the past 52 weeks, shares of RNET have traded as low as $10.32 and as high as $32.81. Technical traders will take note that at $12.87, shares of RNET are trading below their 200-day MA at $14.39 and above their 50-day MA at $12.56. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish. Who is RNET? RigNet Inc provides managed remote communications, TSI and collaborative applications dedicated to the oil and gas industry, focusing on offshore and onshore drilling rigs, energy production facilities and maritime. The company’s 546 employees are led by CEO Steven E. Pickett from the corporate headquarters at 1880 S. Dairy Ashford in Houston, TX. For more information on RNET and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit today. All data provided by QuoteMedia, with stock data accurate as of 4:00 PM ET. is not responsible for inaccuracies in third-party supplied information. About is a leading publisher of market and investment news, commentary, proprietary research and videos from seasoned journalists, analysts and contributors covering the financial markets and global economies. Leveraging our extensive distribution network and social media presence, we have cultivated a valuable audience of engaged market enthusiasts, which in turn delivers a variety of unique opportunities for industry partnerships, corporate communications, market exposure and investment. A complete disclaimer can be viewed here.

Source: Financial Press News (September 8, 2016 - 10:35 PM EDT)

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