Universal Display Corporation (OLED) Drops 10% on February 08

Equities Staff |

Universal Display Corporation (OLED) was one of the Russell 2000's biggest losers for Monday February 08 as the stock slid 10% to $40.88, a loss of $-4.54 per share. Starting at an opening price of $44.97 a share, the stock traded between $40.44 and $44.97 over the course of the trading day. Volume was 966,630 shares over 9,078 trades, against an average daily volume of 712,419 shares and a total float of 46.71 million.

The losses send Universal Display Corporation down to a market cap of $1.91 billion. In the last year, Universal Display Corporation has traded between $57.93 and $32.47, and its 50-day SMA is currently $50.65 and 200-day SMA is $45.55.

The stock has a P/E Ratio of 216.3.

Universal Display Corp is engaged in the research, development & commercialization of organic light emitting diode or OLED, technologies & materials for use in displays for wearables, smartphones, tablets & televisions & solid-state lighting applications.

Universal Display Corporation is based out of Ewing, NJ and has some 145 employees. Its CEO is Steven V. Abramson.

For a complete fundamental analysis analysis of Universal Display Corporation, check out Equities.com’s Stock Valuation Analysis report for OLED. 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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