Breaking Finance News

Kingtone Wirelessinfo Solution Holding Ltd is up 62 Percent Friday (KONE)

Shares of China-based Kingtone Wirelessinfo Solution Holding Ltd. (NASDAQ: KONE) are up 62 percent Friday. The microcap company has a market cap of $7 million and trades an average of 1,256 shares daily. Today, volume has reached 80,000 in late afternoon trading. There is no news to explain the move in the stock.

The company provides wireless enterprise solutions to Chinese companies specifically, enterprise asset management, enterprise resource planning, supply chain management, and customer relationship management.

[stock-tools exchange="NASDAQ" symbol="KONE" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

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