Callaway Golf Company (ELY) Plunges 5.9% on August 07

Equities Staff  |

Callaway Golf Company (ELY) had a rough trading day for Friday August 07 as shares tumbled 5.9%, or a loss of $-1.16 per share, to close at $18.49. After opening the day at $18.34, shares of Callaway Golf Company traded as high as $19.24 and as low as $18.14. Volume was 3.6 million shares over 29,909 trades, against an average daily volume of n/a shares and a total float of 94.11 million.

As a result of the decline, Callaway Golf Company now has a market cap of $1.74 billion. In the last year, shares of Callaway Golf Company have traded between a range of $22.33 and $4.75, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

For a complete fundamental analysis of Callaway Golf Company, check out Equities.com’s Stock Valuation Analysis report for ELY.

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Callaway Golf Co manufactures golf clubs. It sells its line of Big Bertha, Great Big Bertha, and Biggest Big Bertha oversized metal woods and conventional-style metal woods, irons, wedges, and putters. These clubs, as well as those marketed under other trademarks, are sold at premium prices through retailers of professional-quality golf clubs in the United States and overseas. Sales of metal woods account for approximately 60% of the company's total sales. Foreign sales account for about 45% of Callaway Golf's total sales.

Callaway Golf Company is based out of Carlsbad, CA and has some 6,600 employees. Its CEO is Oliver G. Brewer.

Callaway Golf Company 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.

To get more information on Callaway Golf Company and to follow the company’s latest updates, you can visit the company’s profile page here: ELY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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