TCPD: Volume Spike; 127% > 20-adsv, Stock +13.89%
Thursday , April 08, 2004 09:55 ET
This is the 1st VOLUME alert for TCPD in the past 7 calendar days.
Trading for Telecommunications Products Inc (OTCBB: TCPD) has been heavier than usual in today's session. By 09:55 ET, the stock had already traded 816,100 shares via 15 trades. The cumulative volume is 127.00% above its 20-day average of 359,510. Normally the stock experiences around 22 individual trades per session.
So far, today's volume surge has caused a net rise in TCPD's stock price. At the time of this alert, the stock was trading at $0.082, up $0.010 (+13.89%).
One year ago, the Company's shares closed at $0.235. The price has declined more than 65 percent since then.
Over the last 10 trading session TCPD has traded in a range between $0.052 and $0.077 and is currently trading 69.63% below its 52-week high of $0.270 set on April 16, 2003 and 141.18% above its 52-week low of $0.034 from February 25, 2004.
In the previous 3 sessions, TCPD trading has displayed a mixed trend. Closing results have been as follows:
The Company last released news on April 06, 2004:
"Telecommunication Products Signs Agreement to Make its Set Top Box 'Smart TV' Compatible"
TELECOMMUNICATIONS PRODUCTS INC
Telecommunication Products, Inc. is a provider of video-on-demand and pay-per-view services to the hospitality industry. Through its wholly-owned subsidiary, The Hotel Movie Network, the Company installs and operates comprehensive hotel entertainment systems (movies, interactive guest services) in hotels, resorts and multiple dwelling properties (MDU). The Company is also currently marketing hi speed Internet access products, including high end wi-fi. The Company also provides pay-per-view and free-to-guest television service in small hotels in the U.S. and the Caribbean.
