Wright Medical Group Inc. (WMGI) Drops 5.3% on January 15

Equities Staff |

Wright Medical Group Inc. (WMGI) was one of the Russell 2000's biggest losers for Friday January 15 as the stock slid 5.3% to $20.53, a loss of $-1.15 per share. Starting at an opening price of $21.15 a share, the stock traded between $20.16 and $21.44 over the course of the trading day. Volume was 432,599 shares over 3,546 trades, against an average daily volume of 785,360 shares and a total float of 102.65 million.

The losses send Wright Medical Group Inc. down to a market cap of $2.11 billion. In the last year, Wright Medical Group Inc. has traded between $28.07 and $18.03, and its 50-day SMA is currently $22.35 and 200-day SMA is $24.24.

Wright Medical Group NV a medical device company, designs, manufactures, markets, and sells orthopaedic products in the United States, France, and internationally. It offers joint implants & bone fixation devices for the shoulder, elbow, foot, and ankle.

Wright Medical Group Inc. is based out of Amsterdam, and has some 1,121 employees. Its CEO is Robert J. Palmisano.

For a complete fundamental analysis analysis of Wright Medical Group Inc., check out Equities.com’s Stock Valuation Analysis report for WMGI. 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

Kiwa Bio-Tech Products Group Corp

Kiwa Bio-Tech Products Group Corp develops, manufactures, distributes and markets, cost-effective and environmentally safe bio-technological products for agriculture in China.

Private Markets

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…

D-Wave

D-Wave Systems is the first quantum computing company. Its mission is to integrate new discoveries in physics, engineering, manufacturing, and computer science into breakthrough approaches to computation to help solve…