QLogic Corporation (QLGC) is Trading Higher on Unusual Volume for January 29

Equities Staff |

QLogic Corporation (QLGC) experienced unusually high volume on Jan. 29, as the stock gained 5.39% to a closing price of $12.70. The stock saw 2.63 million shares trade hands over the course of the day on 16,837 trades. Given that the stock’s average daily volume over the last month has been 703,231 shares a day, this represents a pretty substantial spike over the norm.

QLogic Corporation has a P/B ratio of 1.47. It also has a P/E ratio of 27.8. The stock has traded between $15.93 and $8.37 over the last 52-weeks, its 50-day SMA is now $12.20, and its 200-day SMA $12.38.

QLogic Corp is a designer and supplier of network infrastructure products that enhance, manage and support computer data communication.

Headquartered in Aliso Viejo, CA, QLogic Corporation has 927 employees and is currently under the leadership of CEO Jean Hu.

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


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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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