Align Technology ALG which is known as a manufacturing and marketing company that produces the system for clear aligner therapy, scanners for intra-oral purposes and digital services that are being employed in dentistry, orthodontics and storage of dental records that utilizes computer in designing and manufacturing. The current ranking of their stock is set at Zacks Rank #3. The company gained even more popularity because of Invisalign which is their latest product in the market.
Ever since the previous month, Align Technology was seen in the trading market to have placed higher in the industry. They have gained a total of 4.2 per cent for this period which is a big difference to the loss that the industry is experiencing at 7.3 per cent. The great motivator for the company is the positive welcome their InvisAlign technology is experiencing as well as its growth in the region of North America as well as other regions in the international market.
For the second quarter of this year, there has been an increase of 33.2 per cent when it comes to the year over year which only proves that the InvisAlign Technology is widely recognized in major markets such as Spain and United Kingdom. Its growth is also expanding in the latest markets the company is venturing in like Benelux, Eastern Europe and Central Europe. For the same quarter, the volume of sales has increased by 44.4 per cent in their year over year when it comes to the region of Asia Pacific with China as the leading country while Southeast Asia comes second, Japan, Australia and New Zealand follows accordingly.
The company has further good news as it launches its latest facility in China for InvisAlign Technology Treatment Planning despite the fact that they are struggling in terms of foreign exchange that is going against the flow of things. They also created a marketing campaign worth millions of dollars in order to promote the brand of InvisAlign Technology. This is one way for them to attract investors. They are more than optimistic after the company received two patents in the United States for its material employed in SmartTrack Aligner.