IPG Photonics to replace Scripps on S&P 500

IPG Photonics Corp. /zigman2/quotes/203325788/composite IPGP -1.39% will join the S&P 500 index /zigman2/quotes/210599714/realtime SPX -1.11% replacing shares of Scripps Networks Interactive Inc. , according to S&P Dow Jones Indices late Friday. IPG, which makes lasers and laser equipment used in the materials industry, will replace Scripps before the market opens on March 7, S&P said. Scripps is being acquired by Discovery Communications Inc. . Shares of IPG were down 0.1% after hours.

/zigman2/quotes/203325788/composite

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IPG Photonics Corp.

US : U.S.: Nasdaq

$ 112.39

-1.58 -1.39%

Volume: 138,459

Feb. 8, 2023 4:00p

P/E Ratio

22.05

Dividend Yield

N/A

Market Cap

$5.55 billion

Rev. per Employee

$221,957

/zigman2/quotes/210599714/realtime

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S&P 500 Index

US : S&P US

4,117.86

-46.14 -1.11%

Volume: 0.00

Feb. 8, 2023 4:53p