Collectors Universe, Inc., parent company of PSA and PSA/DNA, announced Thursday that the company is being added to the Russell 2000 Index.
The news helped push CU stock to over $21 per share at the close of trading. CU stock has traded as low as $12.52 per share over the last 52 weeks. In July of 2009, the stock was trading at $5.60 per share.
The Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for passive and active investment strategies. The Russell 3000 captures the 3,000 largest U.S. stocks as of the end of May of each year, ranking them by total market capitalization. The largest 1,000 companies in this ranking 
make up the Russell 1000 and the next largest 2,000 companies comprise the Russell 2000.
The Russell 3000 also serves as the U.S. component to the Russell Global Index. Each year the Russell 2000 is reconstituted to provide what’s designed to be a comprehensive and unbiased small-cap barometer and to ensure that larger stocks do not distort the performance and characteristics of the true small-cap opportunity set.
Collectors Universe, which reported record revenues in the third quarter of fiscal 2014, authenticates and grades collectible coins, trading cards, event tickets, autographs and memorabilia. The company also compiles and publishes information about trading cards, sports memorabilia, operates trade shows and offers online reference material.
Related Stories:
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Collectors Universe Move Coming This Month
PSA Card, Autograph Business Continues Upward Push
PSA Begins Dual Grading For Autographed Cards
PSA Parent Company: We’ve Certified 50 Million Items
Notes: Musial Auction Generates $1.2 Million; Collector’s Universe Among Top Small Companies on Forbes List
PSA Parent Company Sets Revenue Record in 4th Quarter
