Newport Corporation (NEWP) was among the biggest gainers on the Russell 2000 for Friday January 22 as the stock popped 5.98% to $14.54, representing a gain of $0.82 per share. Some 174,382 shares traded hands on 1,752 trades, compared with an average daily volume of 171,409 shares out of a total float of 38.58 million. The stock opened at $14.04 and traded with an intraday range of $15.11 to $14.04.
After today's gains, Newport Corporation reached a market cap of $560.91 million. Newport Corporation has had a trading range between $20.85 and $13.18 over the last year, and it had a 50-day SMA of $15.83 and a 200-day SMA of $16.71.
The stock has a P/E Ratio of 18.3.
Newport Corp supplies technology products & systems to various industries, including scientific research, microelectronics, defense & security, life & health sciences & industrial markets. Its segment includes Photonics, Lasers & Optics Group.
Newport Corporation is based out of Irvine, CA and has some 2,570 employees. Its CEO is Robert J. Phillippy.
For a complete fundamental analysis analysis of Newport Corporation, check out Equities.com’s Stock Valuation Analysis report for NEWP. 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.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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