Nautilus Added to Russell Global and Russell 2000 Indexes
Nautilus (NYSE: NLS) announced today that its stock has been added to the Russell Global® and Russell 2000® Indexes following the annual Russell Investments reconstitution on June 28, 2013.
Bruce Cazenave, Chief Executive Officer, stated, “We are pleased and honored to be added to the 2013 list of companies included in the Russell Global and Russell 2000 Indexes. This reflects the positive momentum of our business and successful execution of our strategic initiatives over the past few years.”
The Russell Global® Indexes represent the investable global equity market and its segments comprehensively. Consistent with the design of the family of U.S. Russell Indexes, it represents 98% of the global equity market. The Russell 2000® Index measures the performance of the small-cap segment of the U.S. equity universe. The Russell 2000® is a subset of the Russell 3000® Index representing approximately 10% of the total market capitalization of that index. It includes approximately 2000 of the smallest securities based on a combination of their market cap and current index membership. The Russell 2000® Index is constructed to provide a comprehensive and unbiased small-cap barometer and is completely reconstituted annually to ensure larger stocks do not distort the performance and characteristics of the true small-cap opportunity set. In addition, the Company is included in the Russell Microcap® Index, which measures the performance of the microcap segment of the U.S. equity market.
About Nautilus, Inc.
Headquartered in Vancouver, Washington, Nautilus, Inc. (NYSE: NLS) is a global fitness products company providing innovative, quality solutions to help people achieve a healthy lifestyle. With a brand portfolio including Nautilus ®, Bowflex ®, TreadClimber ®, Schwinn ®, Schwinn Fitness TM and Universal ®, Nautilus markets innovative fitness products through Direct and Retail channels. Websites: www.nautilusinc.com, www.bowflex.com, www.treadclimber.com and www.corebody.com.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.