Violin Memory (VMEM) was one of the Russell 2000's biggest losers for Wednesday January 06 as the stock slid 6.97% to $0.80, a loss of $-0.0599 per share. Starting at an opening price of $0.85 a share, the stock traded between $0.79 and $0.85 over the course of the trading day. Volume was 734,577 shares over 1,920 trades, against an average daily volume of 1.25 million shares and a total float of 98.4 million.
The losses send Violin Memory down to a market cap of $78.73 million. In the last year, Violin Memory has traded between $4.77 and $0.82, and its 50-day SMA is currently $1.20 and 200-day SMA is $2.23.
Violin Memory Inc provides all-flash storage arrays & appliances delivering application solutions for enterprises. Its FFA-based arrays & enterprise software solutions enhance enterprise agility & mobility revolutionizing economics with rapid ROI and TCO.
Violin Memory is based out of Santa Clara, CA and has some 329 employees. Its CEO is Kevin A. Denuccio.
For a complete fundamental analysis analysis of Violin Memory, check out Equities.com’s Stock Valuation Analysis report for VMEM. 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.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.