ABAXIS, Inc. (symbol: ABAX) was one of the worst losers of the trading day
today (2016-01-29), losing -13.64%. The number of shares that changed hands
was 1,334,021, or about 8 times the average daily volume in the stock.
The closing price was $43.55, amounting to a market cap of $989,280,000,
about -34.89% off the highest price in the last 12 months. The stock has
been trading at a range between $37.71 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 31.24 times earnings.
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