Lumentum Holdings Inc. (LITE) Plunges 5.55%

Lumentum Holdings Inc. (LITE) Plunges 5.55%

Lumentum Holdings Inc. (LITE) had a rough trading day for Friday September 27 as shares tumbled 5.55%, or a loss of $-3.1 per share, to close at $52.79. After opening the day at $55.06, shares of Lumentum Holdings Inc. traded as high as $55.42 and as low as $52.34. Volume was 1.49 million shares over 14,745 trades, against an average daily volume of n/a shares and a total float of 76.9 million.

As a result of the decline, Lumentum Holdings Inc. now has a market cap of $4.06 billion. In the last year, shares of Lumentum Holdings Inc. have traded between a range of $63.95 and $37.00, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Lumentum Holdings Inc is a California-based technology firm. Lumentum provides two types of optical and photonic products: optical components that are used in telecommunications networking equipment, and commercial lasers for manufacturing, inspection and life-science lab uses. The firm is also expanding into new optical applications, such as 3-D sensing laser diode for consumer electronics.

Lumentum Holdings Inc. is based out of Milpitas, CA and has some 5,161 employees. Its CEO is Alan S. Lowe.

error: Content is protected !!