In trading on Tuesday, shares of Avid Technology, Inc. (NASDAQ:AVID) crossed below their 200 day moving average of $16.75, changing hands as low as $16.73 per share. Avid Technology, Inc. shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of AVID shares, versus its 200 day moving average:
Looking at the chart above, AVID's low point in its 52 week range is $11.04 per share, with $23.35 as the 52 week high point — that compares with a last trade of $16.75.
AVID operates in the Computers sector, among companies like Xyratex Ltd (NASDAQ:XRTX) which is off about 2.1% today, and Meru Networks Inc. (NASDAQ:MERU) trading lower by about 0.3%. Below is a three month price history chart comparing the stock performance of AVID, versus XRTX and MERU.
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