- July 7, 2017 1:33 PM EDT)
Rambus (NASDAQ: RMBS) is exploring a sale of the company and has hired a financial advisor to assist it, Bloomberg reported citing familiar with the matter.
No final decision on a sale has been made and the company could choose to go another route, the report added.
A representative for Rambus declined to comment to Bloomberg
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Thursday, 06 July 2017 17:15 (EST)
Market Summary Follow
Rambus Inc. is a A technology solutions company
| Last Price$ 12.29 | Last TradeJul/07 - 13:41 | | Change$ 0.96 | Change Percent8.47 % | | Open$ 11.36 | Prev Close$ 11.33 | | High$ 12.98 | low$ 11.35 | | 52 Week High$ 14.50 | 52 Week Low$ 11.30 | | Market Cap1,373,154,916 | PE Ratio2.28 | | Volume1,633,895 | ExchangeNGS |
RMBS - Market Data & News
RMBS - Stock Valuation Report
TradeShares of Rambus Inc. ( RMBS) sank into a new 52-week low yesterday, and could be a company to watch at the open. The company’s stock fell to as low as $11.30 yesterday after opening at $11.30. By the closing bell, the company's stock was at $11.33 a share for a loss of 0.87%.
While no company wants to see their stocks fall into a new 52-week low, opportune investors may have reason to celebrate. Bullish investors with a healthy tolerance for risk may view this as a chance to buy stocks as distressed prices before a bounce back. With that said, whenever a stock falls into new negative territory, there usually is a compelling reason for it. Investors bearish on the stock might see the stock reaching its lowest price in a year as a sign of growing downward momentum and take it as a good reason to sell their shares. Bulls, though, could likely see a new 52-week low as the stock hitting its low point and anticipate a recovery in the share price.
Rambus Inc. saw 802,281 shares of its stock trade hands, that's out of 111.73 million shares outstand. The stock has an average daily volume of 720,593 shares. After hitting a new 52-week low, Rambus Inc. enters the new trading day with a market cap of 1.27 billion, a 50-day SMA of $12.10 and a 200-day SMA of $12.76
Rambus Inc. now has a P/E ratio of 163.3. |
