Nimble Storage (NYSEARCA:NMBL) Shares Up 1.6% – Here’s What Happened

Nimble Storage, Inc. (NYSEARCA:NMBL) shares shot up 1.6% during mid-day trading on Wednesday . The company traded as high as $20.00 and last traded at $19.93. 884 shares were traded during mid-day trading, a decline of 87% from the average session volume of 6,677 shares. The stock had previously closed at $19.61.

Nimble Storage Price Performance

The company has a market capitalization of $1.77 billion, a price-to-earnings ratio of -10.83 and a beta of 1.70. The stock has a 50-day moving average price of $19.96 and a 200-day moving average price of $18.40.

Nimble Storage Company Profile

Nimble Storage, Inc (Nimble Storage) focuses on providing its end-customers with data. The Company’s Predictive Cloud Platform combines predictive analytics, flash storage and multicloud infrastructure to manage operations in on-premises data centers and in the cloud. Its products allow end-customers to deploy workloads flexibly on flash arrays, converged infrastructure and the public cloud. Its operating system includes NimbleOS. NimbleOS runs across all of its All Flash and Adaptive Flash (Hybrid) arrays and powers Nimble Cloud Volumes.