Affymetrix Inc. (AFFX) Jumps 50.16% on January 11

Equities Staff |

Affymetrix Inc. (AFFX) was among the biggest gainers on the Russell 2000 for Monday January 11 as the stock popped 50.16% to $13.83, representing a gain of $4.62 per share. Some 62.92 million shares traded hands on 90,755 trades, compared with an average daily volume of 590,475 shares out of a total float of 79.97 million. The stock opened at $13.72 and traded with an intraday range of $13.85 to $13.68.

After today's gains, Affymetrix Inc. reached a market cap of $1.11 billion. Affymetrix Inc. has had a trading range between $13.11 and $8.28 over the last year, and it had a 50-day SMA of $9.44 and a 200-day SMA of $10.46.

The stock has a P/E Ratio of 65.8.

Affymetrix Inc provides life science products and molecular diagnostic products that enables parallel analysis of biological systems at the gene, protein and cell level.

Affymetrix Inc. is based out of Santa Clara, CA and has some 1,200 employees. Its CEO is Frank Witney,.

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

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.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

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

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