Independence Holding Co. (New) (IHC) Jumps 5.61% on February 01

Equities Staff |

Independence Holding Co. (New) (IHC) was among the biggest gainers on the Russell 2000 for Monday February 01 as the stock popped 5.61% to $16.20, representing a gain of $0.86 per share. Some 48,389 shares traded hands on 277 trades, compared with an average daily volume of 12,998 shares out of a total float of 17.26 million. The stock opened at $15.37 and traded with an intraday range of $16.20 to $15.30.

After today's gains, Independence Holding Co. (New) reached a market cap of $279.66 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 $14.40 and a 200-day SMA of $13.23.

The stock has a P/E Ratio of 8.9.

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.

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

Comments

Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…