DSP Group Inc. (DSPG) Drops 13.43% on February 02

Equities Staff |

DSP Group Inc. (DSPG) was one of the Russell 2000's biggest losers for Tuesday February 02 as the stock slid 13.43% to $8.38, a loss of $-1.3 per share. Starting at an opening price of $8.74 a share, the stock traded between $8.16 and $9.20 over the course of the trading day. Volume was 182,675 shares over 1,179 trades, against an average daily volume of 52,254 shares and a total float of 21.64 million.

The losses send DSP Group Inc. down to a market cap of $181.36 million. In the last year, DSP Group Inc. has traded between $12.17 and $8.02, and its 50-day SMA is currently $9.73 and 200-day SMA is $9.85.

The stock has a P/E Ratio of 49.7.

DSP Group is a provider of wireless chipset solutions for converged communications. It provides wireless chipset solutions for converged communications, delivering system solutions that combine semiconductors and software with reference designs.

DSP Group Inc. is based out of Los Altos, CA and has some 318 employees. Its CEO is Ofer Elyakim.

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