Abaxis Inc. (ABAX) is Trading Lower on Unusual Volume for January 29

Equities Staff |

Abaxis Inc. (ABAX) experienced unusually high volume on Jan. 29, as the stock lost 10.63% to a closing price of $45.07. The stock saw 992,468 shares trade hands over the course of the day on 9,002 trades. Given that the stock’s average daily volume over the last month has been 177,081 shares a day, this represents a pretty substantial spike over the norm.

Abaxis Inc. has a P/B ratio of 4.4. It also has a P/E ratio of 37.2. The stock has traded between $66.89 and $41.53 over the last 52-weeks, its 50-day SMA is now $53.09, and its 200-day SMA $51.32.

Abaxis Inc is a developer, manufacturer and marketer of portable blood analysis systems that are used in medical specialties in human or veterinary patient care to provide clinicians with blood constituent measurements.

Headquartered in Union City, CA, Abaxis Inc. has 582 employees and is currently under the leadership of CEO Clinton H. Severson.

For a complete fundamental analysis analysis of Abaxis Inc., check out Equities.com’s Stock Valuation Analysis report for ABAX. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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