Mity Enterprises (NASDAQ:MITY)
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From Jun 2019 to Jun 2024
MITY Enterprises Inc. (Nasdaq: MITY), designer,
manufacturer and marketer of a variety of institutional furniture,
today announced it joined the Russell Microcap(TM) Index.
The newly launched Russell Microcap Index, which debuted on July
1, is comprised of the smallest 1,000 securities in the small-cap
Russell 2000(TM) Index along with the next smallest 1,000 companies,
based on a ranking of all U.S. equities by market capitalization.
The index offers portfolio managers and other investors a
comprehensive, unbiased barometer to compare their performance against
the genuine microcap marketplace of stocks. Russell recently posted
the complete index membership list at www.russell.com/US/Indexes.
"We are pleased with our inclusion in this new index," said
Bradley T Nielson, president and chief executive officer of MITY
Enterprises. "Our inclusion will help generate greater interest in our
stock at an institutional level."
Russell indices are widely used by investment managers and
institutional investors for index funds and as benchmarks for both
passive and active investment strategies. Companies on the list
represent more than $2.5 trillion in assets. Investment managers who
oversee these funds purchase shares of member stocks according to that
company's weighting in the particular index.
Founded in 1987, MITY Enterprises Inc. designs, manufactures and
markets innovative institutional furniture created to meet the
efficiency needs of its customers. MITY Enterprises focuses on
providing premium quality institutional furniture products to niche
markets. The product lines consist of multipurpose room furniture and
healthcare seating. MITY's products are marketed under the Mity-Lite,
Broda and Versipanel tradenames. Headquartered in Utah, MITY
Enterprises serves national and international customers directly and
through distributors. For further information, visit MITY Enterprises
online at www.mityinc.com.