Universal Display Corporation (OLED) Jumps 10.45% on January 29

Equities Staff |

Universal Display Corporation (OLED) was among the biggest gainers on the Russell 2000 for Friday January 29 as the stock popped 10.45% to $48.93, representing a gain of $4.63 per share. Some 1.19 million shares traded hands on 7,511 trades, compared with an average daily volume of 682,214 shares out of a total float of 46.71 million. The stock opened at $44.59 and traded with an intraday range of $49.67 to $44.59.

After today's gains, Universal Display Corporation reached a market cap of $2.29 billion. Universal Display Corporation has had a trading range between $57.93 and $30.56 over the last year, and it had a 50-day SMA of $50.30 and a 200-day SMA of $45.56.

The stock has a P/E Ratio of 209.9.

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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