TransEnterix Inc. (TRXC) Plunges 6.98%

TransEnterix Inc. (TRXC) Plunges 6.98%

TransEnterix Inc. (TRXC) had a rough trading day for Monday October 07 as shares tumbled 6.98%, or a loss of $-0.0349 per share, to close at $0.47. After opening the day at $0.50, shares of TransEnterix Inc. traded as high as $0.51 and as low as $0.47. Volume was 2.84 million shares over 6,805 trades, against an average daily volume of n/a shares and a total float of 227.64 million.

As a result of the decline, TransEnterix Inc. now has a market cap of $105.88 million. In the last year, shares of TransEnterix Inc. have traded between a range of $5.40 and $0.46, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

TransEnterix Inc is a medical device company engaged in the development and commercialization of a robotic-assisted surgical system. It offers the Senhance Surgical Robotic System, which offers robotic surgery for laparoscopic abdominal and pelvic surgery, as well as limited thoracic operations excluding cardiac and vascular surgery, and the SurgiBot System which refers to the single-port robotically enhanced the laparoscopic surgical platform.

TransEnterix Inc. is based out of Morrisville, NC and has some 189 employees. Its CEO is Todd M. Pope.

TransEnterix Inc. is a component of the Russell 2000. 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.

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