Violin Memory (VMEM) Drops 7.29% on January 13

Equities Staff |

Violin Memory (VMEM) was one of the Russell 2000's biggest losers for Wednesday January 13 as the stock slid 7.29% to $0.70, a loss of $-0.0554 per share. Starting at an opening price of $0.77 a share, the stock traded between $0.70 and $0.79 over the course of the trading day. Volume was 589,274 shares over 2,885 trades, against an average daily volume of 1.15 million shares and a total float of 98.4 million.

The losses send Violin Memory down to a market cap of $69.33 million. In the last year, Violin Memory has traded between $4.62 and $0.62, and its 50-day SMA is currently $1.12 and 200-day SMA is $2.16.

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.

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.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Naked Brand Group Inc

Naked Brand Group Inc through its wholly-owned subsidiary is engaged in manufacturing and selling of direct and wholesale men's undergarments to consumers and retailers.

Private Markets

Snapchat

Snapchat is the fastest way to share a moment with friends. The mobile app, allows users to not only share photos with friends but also control how long they can…

MyForce, Inc.

As parents, we constantly worry about the safety of our loved ones. The media bombards us with incidents from across the nation school shootings, frequent assaults on campuses, and crimes…