Conmed Corp. (CNMD) Hits New 52-week Low During January 20 Session

Equities Staff |

Conmed Corp. (CNMD) established a new 52-week low yesterday, and could be a company to watch at the open. After opening at $37.32, Conmed Corp. dropped to $36.76 for a new 52-week low. By the closing bell, the company's stock was at $38.34 a share for a gain of 1.29%.

Falling to a new 52-week low is never fun for company's shareholder, but, depending on who you ask, it can be either a buy or a sell signal. Someone bearish on the stock might see it reaching its lowest price in a year as a sign of growing downward momentum and make sure they sell their shares. Bulls, though, are more likely to see a new 52-week low as the stock hitting its low point and anticipate a bounce in the share price.

However one plays it, it's often a critical moment for any stock and should be noted by investors.

Conmed Corp. saw 128,309 shares of its stock trade hands, that's out of 27.7 million shares outstand. The stock has an average daily volume of 180,982 shares. After hitting a new 52-week low, Conmed Corp. enters the new trading day with a market cap of 1.06 billion, a 50-day SMA of $41.80 and a 200-day SMA of $50.00

Conmed Corp. now has a P/E ratio of 30.8.

For a complete fundamental analysis analysis of Conmed Corp., check out’s Stock Valuation Analysis report for CNMD. To see the latest independent stock recommendations from’s analysts, visit our Research section.

Conmed Corp is a medical technology company with an emphasis on surgical devices and equipment for minimally invasive procedures and monitoring. The Company's products serve the clinical areas, surgeons and physicians.

Conmed Corp. has 3,500 employees, is led by CEO Curt R. Hartman, and makes its home in Utica, NY.

Conmed Corp. is also a component of the Russell 2000 Index, which is generally viewed as the most reliable indicator of the health of the broader small-cap market. Using a rules-based methodology, it creates a simple, unbiased view of how America's stable of smaller publicly traded companies are performing in the stock markets.

The index consists of the 2,000 smallest companies of the 3,000 largest publicly-traded companies in the country as judged by market cap. It's constructed by Russell Investments, which also builds and maintains the Russell 3000 (an index consisting of all 3,000 biggest companies by market cap) and the large-cap Russell 1000 (which has the 1,000 largest companies from the Russell 3000).

For more news on the financial markets, go to 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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Emerging Growth

Blow & Drive Interlock Corp

Blow & Drive Interlock Corp manufactures, markets, leases, installs and monitors a Breath Alcohol Ignition Interlock Device mechanism on the steering column of an automobile and into which a driver…

Private Markets


D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…

CF0005, LLC dba Mesa-Marshall #1-2

MESA Resources, Inc. ("MESA") is sponsoring the development of the oil & gas well completion project "Mesa-Marshall #1-2". MESA, founded in 1992, is engaged in the acquisition, exploration and development…