NEW YORK, April 20, 2017 /PRNewswire/ -- Applied Optoelectronics Inc. (AAOI) will replace Adeptus Health Inc. (ADPT) in the S&P SmallCap 600, effective prior to the open on Tuesday, April 25. Adeptus Health has filed a voluntary petition for relief under Chapter 11 of the Bankruptcy Code to pursue a plan of reorganization and has been halted by the NYSE effective before the market open today.
Applied Optoelectronics designs, manufactures, and sells fiber-optic networking products primarily for internet data center, cable television and fiber-to-the-home networking end markets. Headquartered in Sugar Land, TX, the company will be added to the S&P SmallCap 600 GICS (Global Industry Classification Standard) Communications Equipment Sub-Industry index.
Following is a summary of the changes:
S&P SMALLCAP 600 INDEX – APRIL 25, 2017
GICS ECONOMIC SECTOR
Health Care Services
For more information about S&P Dow Jones Indices, please visit www.spdji.com
ABOUT S&P DOW JONES INDICES
S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than based on any other provider in the world. With over 1,000,000 indices and more than 120 years of experience constructing innovative and transparent solutions, S&P Dow Jones Indices defines the way investors measure and trade the markets.
S&P Dow Jones Indices is a division of S&P Global (SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spdji.com.
FOR MORE INFORMATION:
Global Head of Communications
New York, USA
(+1) 212 438 2297
Managing Director and Chairman of the Index Committee
New York, USA
(+1) 212 438 3907
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/applied-optoelectronics-set-to-join-sp-smallcap-600-300443200.html