MicroChip Technology Inc. (MCHP) Falls 5.05% for January 07

Equities Staff  |

One of the S&P 500’s big losers for Thursday January 07 was MicroChip Technology Inc. (MCHP). The company’s stock fell 5.05% to $42.66 on volume of 2.33 million shares.

The stock opened the day at 43.99 and traded between a low of $42.56 and a high of $44.71. The stock finished the day down $2.27 per share. MicroChip Technology Inc. has an average daily volume of 2.15 million and a total float of 203.12 million shares. The 50-day SMA for MicroChip Technology Inc. is $46.88 and its 200-day SMA is $45.67. The high for the stock over the last 52 weeks is $52.44 and the low is $37.77.

Microchip Technology Inc develops, manufactures and sells semiconductor products used for a variety of embedded control applications. It also provides license Flash-IP solutions that are incorporated.

MicroChip Technology Inc. is centered in Chandler, AZ, and has 9,449 employees. Today’s trading day leaves the company with a market cap of $8.67 billion. The company has a P/S ratio of n/a, P/B ratio of 4.07, and a -172.7.

For a complete fundamental analysis analysis of MicroChip Technology Inc., check out Equities.com’s Stock Valuation Analysis report for MCHP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The S&P 500 represents the industry standard for large-cap indices. While the Dow Jones Industrial Average (DJIA) may be the most visible stock market index in the country, the S&P 500 has long been relied on by industry insiders and fund managers as the more reliable gauge of portfolio performance.

While the DJIA is price-weighted and only includes 30 stocks, the S&P 500 uses a weighting system that factors in market cap and the size of a company’s free float while including some 500 stocks for a more comprehensive look at the broader markets’ performance. Its performance is far more representative of the large- and mega-cap stocks for any period of time.

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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