Lannett Co Inc (LCI) had a good day on the market for Monday November 25 as shares jumped 7.13% to close at $9.16. About 989,787 shares traded hands on 5,409 trades for the day, compared with an average daily volume of n/a shares out of a total float of 40.34 million. After opening the trading day at $8.64, shares of Lannett Co Inc stayed within a range of $9.18 to $8.63.
With today’s gains, Lannett Co Inc now has a market cap of $369.47 million. Shares of Lannett Co Inc have been trading within a range of $15.52 and $4.33 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.
Lannett Co Inc develops, manufactures, packages, markets, and distributes generic versions of brand pharmaceutical products. It offers solid oral, extended-release, topical, nasal, and oral solution finished dosage forms of drugs that address a range of therapeutic areas, as well as ophthalmic, patch, foam, buccal, sublingual, soft gel, and injectable dosages. In addition, the company also provides its products for various medical indications comprising glaucoma, gastrointestinal, migraine, obesity, respiratory and others. It operates in the segment of generic pharmaceuticals. Its customers include generic pharmaceutical distributors, drug wholesalers, chain drug stores, private label distributors, mail-order pharmacies, and others.
Lannett Co Inc is based out of Philadelphia, PA and has some 1,020 employees. Its CEO is Timothy C. Crew.
Lannett Co Inc is also 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.
