News Spotlight: Nova Measuring Instruments Ltd. (NASDAQ:NVMI)

Nova Measuring Instruments Ltd. (NASDAQ:NVMI) stock observed trading -2.44% off 52-week high price. On the other end, the stock has been noted 51.70% away from low price over the last 52-weeks. The stock disclosed a move of 7.35% away from 50 day moving average and 19.76% away from 200 day moving average. Moving closer, we can see that shares have been trading 1.00% off 20-day moving average. It has market cap of $856.99M.

On Oct. 2, 2019, Nova Measuring Instruments Ltd. (NASDAQ:NVMI) a leading innovator and key provider of metrology solutions for advanced process control used in semiconductor manufacturing, announced  the appointment of Eitan Oppenhaim, who has served as Nova’s President & Chief Executive Officer since 2013, to the company’s Board of Directors.

Dr. Micha Brunstein, Chairman of the Board, commented, Eitan has grown Nova into a highly innovative and profitable firm by shaping the company’s strategy and expanding globally. He accomplished these achievements while continuing to diversify our product offering and ensure we remain on the cutting-edge of developing advanced technologies. It is a pleasure to welcome Eitan to the board of Nova and expand his influence in an additional capacity beyond his role as President and CEO.

I am excited to join the board and have the opportunity to contribute to the team of directors, commented Mr. Oppenhaim. I am sure that this appointment, along with my continuous role as President and CEO, will contribute to the continuing success of our company.

About Nova:

Nova is a leading innovator and key provider of metrology solutions for advanced process control used in semiconductor manufacturing. Nova delivers continuous innovation by providing state-of-the-art high-performance metrology solutions for effective process control throughout the semiconductor fabrication lifecycle. Nova’s product portfolio, which combines high-precision hardware and cutting-edge software, provides its customers with deep insight into the development and production of the most advanced semiconductor devices. Nova’s unique capability to deliver innovative X-ray and Optical solutions enable its customers to improve performance, enhance product yields and accelerate time to market. Nova acts as a partner to semiconductor manufacturers from its offices around the world.

 The Israel based company Nova Measuring Instruments Ltd. moved with change of 1.90% to $31.6 with the total traded volume of 27214 shares in recent session versus to an average volume of 92.59K. The stock was observed in the 5 days activity at 0.13%. The one month performance of stock was 5.58%. NVMI’s shares are at 25.45% for the quarter and driving a 19.88% return over the course of the past year and is now at 38.72% since this point in 2018.  Right now the stock beta is 1.07. The average volatility for the week and month was at 2.91% and 2.74% respectively. There are 27.12M shares outstanding and 26.47M shares are floated in market.

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