Harmonic Inc. (HLIT) was among the biggest gainers on the Russell 2000 for Tuesday February 16 as the stock popped 5.02% to $3.35, representing a gain of $0.16 per share. Some 317,454 shares traded hands on 1,917 trades, compared with an average daily volume of 651,466 shares out of a total float of 87.07 million. The stock opened at $3.23 and traded with an intraday range of $3.39 to $3.21.
After today's gains, Harmonic Inc. reached a market cap of $291.69 million. Harmonic Inc. has had a trading range between $7.98 and $3.00 over the last year, and it had a 50-day SMA of $3.80 and a 200-day SMA of $5.64.
Harmonic Inc designs, manufactures and sells video products and system solutions that enable service providers to efficiently deliver the next generation of broadcast and on-demand services.
Harmonic Inc. is based out of San Jose, CA and has some 1,029 employees. Its CEO is Patrick J. Harshman.
For a complete fundamental analysis analysis of Harmonic Inc., check out Equities.com’s Stock Valuation Analysis report for HLIT. 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.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. 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: http://www.equities.com/disclaimer