Craft Brewers to Russell 2000 Index
June 29, 2011Portland Business Journal
Craft Brewers Alliance Inc. has landed a spot on the Russell 2000 Index.
The announcement comes two weeks after Cascade Bancorp joined the index, which is comprised of companies with a market capitalization of between $130 million to $2 billion.
Portland-based Craft Brewers (NASDAQ: HOOK) in May reported a first-quarter profit of $16,000 on $34.96 million in revenue. It has a market cap of $160.94 million.
LaCrosse Footwear Inc. , meanwhile, has been deleted from the Russell index. The Portland-based maker of work and outdoor boots (NASDAQ: BOOT) lost $700,000 in the first quarter on $25.2 million in sales. It has a market cap of $91.65 million.