IRIDEX Corporation (IRIX) Breaks into New 52-Week High on February 25 Session
Shares of IRIDEX Corporation (IRIX) broke into a new 52-week high yesterday, hitting a peak of $6.98.
Shares closed at $6.00 after opening at $6.79 for a move of -9.64%. The company now has a market cap of $83.39 million.
Investors and traders can learn a lot about a stock’s momentum when it sets a new 52-week high. As an example, bullish investors view a company hitting its highest price in a year as a sign of
momentum and may interpret it as a signal to buy. On the other hand, bearish investors could view a new 52-week high as a signal of the end of a strong run, with the stock possibly peaking out
before an impending period of decline.
For IRIDEX Corporation, the new 52-week high came on volume of 184,151. The stock has a float of 13.9 million shares and average daily volume of $n/a. It has a
50-day SMA of $n/a and a 200-day SMA of $n/a.
For a complete fundamental analysis analysis of IRIDEX Corporation, check out Equities.com’s Stock Valuation Analysis report
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IRIDEX Corp is involved in the business of developing, manufacturing and marketing laser-based medical systems, delivery devices and consumable instrumentation for ophthalmology. Its products include lasers, laser delivery devices, glaucoma devices, retinal surgical instruments, veterinary and ENT products. The firm also powers its products with its proprietary Micropulse technology. The company operates in only one reportable segment that is ophthalmology. The geographical segments of the company include the United States, Europe, the Americas, excluding the U.S and Asia/Pacific.
IRIDEX Corporation is based out of Mountain View, CA and has some 132 employees. Its CEO is David I. Bruce.
IRIDEX Corporation is also a component of the Russell 2000 Index, which is an invaluable tool for any small-cap investor. Consisting of the smaller 2,000 publicly traded companies of the 3,000 largest
companies in America by market cap (which combine to make the broader Russell 3000 index), the Russell 2000 gives the most comprehensive snapshot of the small-cap market of any index out there.
What’s more, the Russell 2000 is maintained by Russell Investments, a company committed to using rules-based methodologies to construct unbiased indices that differ from the committee-selected Dow
Jones Industrial Average or S&P 500.
To get more information on IRIDEX Corporation and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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