ABAXIS, Inc. (symbol: ABAX) was one of the biggest winners of the trading
day today (2015-10-28), gaining 23.36%. The number of shares that changed
hands was 944,495, or about 5.5 times the average daily volume in the stock.
The closing price was $53.49, amounting to a market cap of $1,220,000,000,
about -20.03% off the highest price in the last 12 months. The stock has
been trading at a range between $41.53 and $66.89.
ABAX is in the Industrial Machinery/Components industry, part of the
Capital Goods sector. It first went public in 1992.
Looking at its valuation, the stock is now trading at 41.4 times earnings.
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