Super Micro Computer Inc. (SMCI) Jumps 26.3% on January 12

Equities Staff |

Super Micro Computer Inc. (SMCI) was among the biggest gainers on the Russell 2000 for Tuesday January 12 as the stock popped 26.3% to $27.18, representing a gain of $5.66 per share. Some 3.15 million shares traded hands on 21,481 trades, compared with an average daily volume of 586,938 shares out of a total float of 47.59 million. The stock opened at $24.49 and traded with an intraday range of $28.45 to $24.47.

After today's gains, Super Micro Computer Inc. reached a market cap of $1.29 billion. Super Micro Computer Inc. has had a trading range between $42.00 and $21.25 over the last year, and it had a 50-day SMA of $25.14 and a 200-day SMA of $28.42.

The stock has a P/E Ratio of 11.4.

Super Micro Computer Inc is a server technology and green computing company. It develops and provides high performance server solutions based upon an modular and open-standard architecture.

Super Micro Computer Inc. is based out of San Jose, CA and has some 2,247 employees. Its CEO is Charles Liang.

For a complete fundamental analysis analysis of Super Micro Computer Inc., check out Equities.com’s Stock Valuation Analysis report for SMCI. 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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