Ansys Inc. Stock Falls Wednesday, Underperforms Market

NeuroMetrix Inc

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Health Care : Health Care Equipment & Supplies | Small Cap Value

Company profile

NeuroMetrix, Inc. develops and commercializes health care products that utilize non-invasive neurostimulation. The Company is engaged in the designing, building and marketing of medical devices that stimulate nerves and analyze nerve response for diagnostic and therapeutic purposes. It has two principal product categories, which includes point-of-care neuropathy diagnostic tests and wearable neurostimulation devices. Its products include DPNCheck, Quell and ADVANCE System. DPNCheck is a quantitative nerve conduction test that is used to evaluate peripheral neuropathies, such as Diabetic peripheral neuropathy (DPN). Quell a wearable device for symptomatic relief and management of chronic pain. ADVANCE System is a platform for the performance of nerve conduction studies. DPNCheck customers include managed care organizations, endocrinologists, podiatrists and primary care physicians. ADVANCE System customers include occupational health, primary care, internal medicine and many others.

Ansys Inc. Stock Falls Wednesday, Underperforms Market

4:37 pm ET May 11, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Ansys Inc. (ANSS) slid 4.74% to $238.75 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,935.18 and Dow Jones Industrial Average falling 1.02% to 31,834.11. Ansys Inc. closed $175.14 short of its 52-week high ($413.89), which the company achieved on November 5th.

The stock underperformed when compared to some of its competitors Wednesday, as Autodesk Inc. (ADSK) fell 3.07% to $180.68, Dassault Systemes SE ADR (DSY.FR) fell 1.84% to $39.55, and General Dynamics Corp. (GD) fell 1.03% to $226.94. Trading volume (848,503) eclipsed its 50-day average volume of 532,243.

Data source: Dow Jones Market Data, FactSet. Data compiled May 11, 2022.

(END) Dow Jones Newswires

May 11, 2022 16:37 ET (20:37 GMT)