Independence Holding Co. (New) (IHC) was among the biggest gainers on the Russell 2000 for Wednesday January 06 as the stock popped 5.4% to $14.05, representing a gain of $0.72 per share. Some 61,620 shares traded hands on 344 trades, compared with an average daily volume of 9,693 shares out of a total float of 17.26 million. The stock opened at $14.35 and traded with an intraday range of $14.60 to $14.01.
After today's gains, Independence Holding Co. (New) reached a market cap of $242.55 million. Independence Holding Co. (New) has had a trading range between $15.81 and $11.29 over the last year, and it had a 50-day SMA of $14.24 and a 200-day SMA of $13.15.
The stock has a P/E Ratio of 8.
Independence Holding Co is an insurance holding company. The Company engages in the life and health insurance business. It provides specialized life and health coverage and related services to commercial customers and individuals.
Independence Holding Co. (New) is based out of Stamford, CT and has some 600 employees. Its CEO is Roy T.K. Thung.
For a complete fundamental analysis analysis of Independence Holding Co. (New), check out Equities.com’s Stock Valuation Analysis report for IHC. 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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