NVE Corp (NVEC) Jumps 5.37% on January 29

Equities Staff |

NVE Corp (NVEC) was among the biggest gainers on the Russell 2000 for Friday January 29 as the stock popped 5.37% to $49.73, representing a gain of $2.535 per share. Some 3,982 shares traded hands on 61 trades, compared with an average daily volume of 18,458 shares out of a total float of 4.84 million. The stock opened at $48.40 and traded with an intraday range of $49.99 to $47.00.

After today's gains, NVE Corp reached a market cap of $240.91 million. NVE Corp has had a trading range between $81.55 and $46.50 over the last year, and it had a 50-day SMA of $53.89 and a 200-day SMA of $58.22.

The stock has a P/E Ratio of 18.3.

NVE Corp develops and sells devices that use spintronics, a nanotechnology that relies on electron spin rather than electron charge to acquire, store and transmit information.

NVE Corp is based out of Eden Prarie, MN and has some 49 employees. Its CEO is Daniel A. Baker.

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