PhotoMedex Inc. (PHMD) Drops 5.84% on January 15

Equities Staff |

PhotoMedex Inc. (PHMD) was one of the Russell 2000's biggest losers for Friday January 15 as the stock slid 5.84% to $0.42, a loss of $-0.0263 per share. Starting at an opening price of $0.48 a share, the stock traded between $0.39 and $0.48 over the course of the trading day. Volume was 32,503 shares over 98 trades, against an average daily volume of 121,317 shares and a total float of 22.08 million.

The losses send PhotoMedex Inc. down to a market cap of $9.36 million. In the last year, PhotoMedex Inc. has traded between $2.50 and $0.27, and its 50-day SMA is currently $0.41 and 200-day SMA is $1.03.

PhotoMedex Inc is a skin health company providing integrated disease management and aesthetic solutions to dermatologists, professional aestheticians and consumers, and provides proprietary products and services that address skin diseases.

PhotoMedex Inc. is based out of Horsham, PA and has some 179 employees. Its CEO is Dolev Rafaeli.

For a complete fundamental analysis analysis of PhotoMedex Inc., check out Equities.com’s Stock Valuation Analysis report for PHMD. 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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