SurModics Inc. (SRDX) Plunges 14.19%

SurModics Inc. (SRDX) Plunges 14.19%

SurModics Inc. (SRDX) had a rough trading day for Friday November 01 as shares tumbled 14.19%, or a loss of $-6.74 per share, to close at $40.77. After opening the day at $40.63, shares of SurModics Inc. traded as high as $43.19 and as low as $39.84. Volume was 414,461 shares over 4,704 trades, against an average daily volume of n/a shares and a total float of 13.49 million.

As a result of the decline, SurModics Inc. now has a market cap of $550.01 million. In the last year, shares of SurModics Inc. have traded between a range of $68.84 and $38.06, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

Surmodics Inc is a provider of surface modification and in vitro diagnostic technologies to the healthcare industry. The company’s mission is to improve the treatment and detection of disease by using our technology to provide solutions to a difficult medical device and diagnostic challenges. It has two reportable segments: Medical device unit and Vitro diagnostics unit. Surmodics derives most of its revenue from the Medical device segment.

SurModics Inc. is based out of Eden Prairie, MN and has some 338 employees.

SurModics 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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