Endologix Inc. (ELGX) was one of the Russell 2000's biggest losers for Friday January 22 as the stock slid 5.47% to $7.60, a loss of $-0.44 per share. Starting at an opening price of $8.16 a share, the stock traded between $7.57 and $9.58 over the course of the trading day. Volume was 1.55 million shares over 8,983 trades, against an average daily volume of 1.02 million shares and a total float of 67.79 million.
The losses send Endologix Inc. down to a market cap of $515.2 million. In the last year, Endologix Inc. has traded between $18.07 and $7.65, and its 50-day SMA is currently $9.68 and 200-day SMA is $13.22.
Endologix Inc develops, manufactures, markets & sells medical devices for the treatment of aortic disorders. Its EVAR products include the Endologix AFX Endovascular AAA System (AFX) and the Endologix Powerlink with Intuitrak Delivery System.
Endologix Inc. is based out of Irvine, CA and has some 590 employees. Its CEO is John McDermott.
For a complete fundamental analysis analysis of Endologix Inc., check out Equities.com’s Stock Valuation Analysis report for ELGX. 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.
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