Breaking Finance News

RUMOR ROUNDUP- Why Performance Technologies up 54 Percent Monday (PTIX)

Shares of Performance Technologies Inc., (NASDAQ: PTIX) are up 54 percent in early trading Monday. The stock has traded 2.5 million shares as of 10:30 a.m. EDT versus an average volume of 46,000. There is no verifiable news to attribute to the massive move in the stock today.

On Thursday, the company reported earnings which send the stock higher Friday. Over the past two trading sessions the stock is up about 144 percent.

From Last Week: Why Performance Technologies Inc. is up 80 Percent Friday (PTIX)

Chatter on social media regarding today’s move hasn’t revealed much but here are some notable comments:

From Twitter:

 

From Stocktwits:

“@waltwhite: $PTIX heres a link that details their main technology, had to research up 100% http://stks.co/deEe

Current Twitter Chatter:

About Performance Technologies

From Yahoo! Finance:

Performance Technologies, Incorporated provides network communications solutions worldwide. Its products include SEGway diameter and SS7 signaling solutions, a combination of software suite and carrier-grade hardware platform that provides integrated signaling and routing capabilities and applications for 4G LTE and IMS telecommunications networks; and IPnexus multi-protocol gateways and servers, which enable a range of IP-interworking in data acquisition, sensor, radar, and control applications for aviation, weather, and other infrastructure networks. The company sells SEGway diameter and SS7 signaling systems to carriers and service providers; and IPnexus multi-protocol gateways and servers to the government aerospace/defense market. Performance Technologies, Incorporated markets its SEGway diameter and SS7 signaling solutions through channel partners and direct sales. The company was founded in 1981 and is headquartered in Rochester, New York.

[stock-tools exchange="NASDAQ" symbol="PTIX" 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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