Materion Corp (MTRN) Drops 7.05% on January 19

Equities Staff |

Materion Corp (MTRN) was one of the Russell 2000's biggest losers for Tuesday January 19 as the stock slid 7.05% to $21.24, a loss of $-1.61 per share. Starting at an opening price of $23.12 a share, the stock traded between $21.08 and $23.30 over the course of the trading day. Volume was 85,973 shares over 922 trades, against an average daily volume of 104,429 shares and a total float of 20 million.

The losses send Materion Corp down to a market cap of $424.84 million. In the last year, Materion Corp has traded between $41.85 and $21.68, and its 50-day SMA is currently $27.88 and 200-day SMA is $32.91.

The stock has a P/E Ratio of 12.6.

Materion Corp, through its subsidiaries, manufactures engineered materials used in electrical, electronic, thermal, & structural applications. Its products are sold into end markets, including consumer electronics, defense, energy, medical, among others.

Materion Corp is based out of Mayfield Heights, OH and has some 2,671 employees. Its CEO is Richard J. Hipple.

For a complete fundamental analysis analysis of Materion Corp, check out Equities.com’s Stock Valuation Analysis report for MTRN. 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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