CEVA Inc. (CEVA) Drops 10.92% on February 04

Equities Staff |

CEVA Inc. (CEVA) was one of the Russell 2000's biggest losers for Thursday February 04 as the stock slid 10.92% to $18.11, a loss of $-2.22 per share. Starting at an opening price of $20.00 a share, the stock traded between $17.95 and $20.34 over the course of the trading day. Volume was 413,660 shares over 3,507 trades, against an average daily volume of 160,719 shares and a total float of 20.44 million.

The losses send CEVA Inc. down to a market cap of $370.22 million. In the last year, CEVA Inc. has traded between $27.30 and $16.54, and its 50-day SMA is currently $23.48 and 200-day SMA is $21.04.

The stock has a P/E Ratio of 225.3.

CEVA Inc is a licensor of cellular, multimedia and connectivity technologies to semiconductor companies and OEMs serving the mobile, consumer, automotive and IoT markets.

CEVA Inc. is based out of Mountain View, CA and has some 242 employees. Its CEO is Gideon Wertheizer.

For a complete fundamental analysis analysis of CEVA Inc., check out Equities.com’s Stock Valuation Analysis report for CEVA. 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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