Vringo Inc (VRNG) Jumps 7.92% on December 23

Equities Staff |

Vringo Inc (VRNG) was among the biggest gainers on the Russell 2000 for Wednesday December 23 as the stock popped 7.92% to $2.59, representing a gain of $0.19 per share. Some 188,141 shares traded hands on 935 trades, compared with an average daily volume of 120,760 shares out of a total float of 1.13 million. The stock opened at $2.40 and traded with an intraday range of $2.60 to $2.35.

After today's gains, Vringo Inc reached a market cap of $2.92 million. Vringo Inc has had a trading range between $9.80 and $2.00 over the last year, and it had a 50-day SMA of $3.19 and a 200-day SMA of $5.44.

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.

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

CMX Gold & Silver Corp.

CMX Gold & Silver Corp is an exploration stage company. The Company is engaged in the acquisition, exploration and development of silver and copper/gold properties in the USA.

Private Markets

Lyft

Lyft matches drivers using their own personal vehicles with passengers who request rides through the smartphone app, and the passengers pay automatically through the app. When using Lyft, passengers have…

Cross Campus

With over 500 members and operating 80,000 square feet by summer 2016, Cross Campus is one of the country’s top ten shared, collaborative office or "coworking" operators in the US.…