Impax Laboratories Inc. (IPXL) Drops 7.16% on January 11

Equities Staff |

Impax Laboratories Inc. (IPXL) was one of the Russell 2000's biggest losers for Monday January 11 as the stock slid 7.16% to $35.55, a loss of $-2.74 per share. Starting at an opening price of $38.40 a share, the stock traded between $35.31 and $39.17 over the course of the trading day. Volume was 565,406 shares over 6,025 trades, against an average daily volume of 835,656 shares and a total float of 70.51 million.

The losses send Impax Laboratories Inc. down to a market cap of $2.51 billion. In the last year, Impax Laboratories Inc. has traded between $52.10 and $31.83, and its 50-day SMA is currently $41.18 and 200-day SMA is $44.10.

The stock has a P/E Ratio of 103.5.

Impax Laboratories Inc is a technology-based, specialty pharmaceutical company. It is engaged in the development and commercialization of bioequivalent and brand-name pharmaceuticals, utilizing its controlled-release and other in-house development.

Impax Laboratories Inc. is based out of Hayward, CA and has some 1,061 employees. Its CEO is G. Frederick Wilkinson.

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