ConforMIS Inc. (CFMS) had a rough trading day for Wednesday December 04 as shares tumbled 5.52%, or a loss of $-0.1 per share, to close at $1.71. After opening the day at $1.79, shares of ConforMIS Inc. traded as high as $1.82 and as low as $1.69. Volume was 381,090 shares over 1,772 trades, against an average daily volume of n/a shares and a total float of 68.71 million.
As a result of the decline, ConforMIS Inc. now has a market cap of $117.5 million. In the last year, shares of ConforMIS Inc. have traded between a range of $4.83 and $0.36, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.
Conformis Inc is a US-based medical technology company. It uses iFit Image-to-Implant technology platform to develop, manufacture and sell joint replacement implants that are individually sized and shaped to fit each patient’s anatomy. The company’s iFit technology platform comprises three key elements which are iFit design, iFit printing, and iFit just-in-time delivery. It offers various partial and total knee replacement implants which include iTotal CR, iTotal PS, iDuo, and iUni. The company operates in the segment of knee replacement market. Its total revenue generated from the sale of its products to hospitals and other medical facilities. The majority of the company’s revenue comes from the United States.
ConforMIS Inc. is based out of Billerica, MA and has some 268 employees. Its CEO is Mark A. Augusti.
ConforMIS 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.
