Vringo Inc (VRNG) Jumps 11.39% on January 20

Equities Staff |

Vringo Inc (VRNG) was among the biggest gainers on the Russell 2000 for Wednesday January 20 as the stock popped 11.39% to $1.76, representing a gain of $0.18 per share. Some 208,232 shares traded hands on 625 trades, compared with an average daily volume of 146,368 shares out of a total float of 1.13 million. The stock opened at $1.66 and traded with an intraday range of $1.79 to $1.60.

After today's gains, Vringo Inc reached a market cap of $1.98 million. Vringo Inc has had a trading range between $9.80 and $1.58 over the last year, and it had a 50-day SMA of $2.72 and a 200-day SMA of $5.01.

Vringo Inc is engaged in identifying, generating, acquiring, and deriving economic benefits from intellectual property assets. Its intellectual property portfolio consists of over 500 patents and patent applications.

Vringo Inc is based out of New York, NY and has some 13 employees. Its CEO is Andrew Perlman.

For a complete fundamental analysis analysis of Vringo Inc, check out Equities.com’s Stock Valuation Analysis report for VRNG. 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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