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With a market cap of $10.2 billion, Align Technology, Inc. (ALGN) is a global medical device company best known for its Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners. The company provides advanced orthodontic and restorative digital solutions across the United States, Switzerland, and international markets.
Shares of the Tempe, Arizona-based company have delivered weaker returns than the broader market over the past 52 weeks. ALGN stock has decreased 37.5% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11%. Moreover, shares of the company have dropped 31.6% on a YTD basis, compared to SPX's 12.3% rise.
