CompuMed Inc (OTCMKTS:CMPD) Stock Moves Up After Quarterly Earnings

If you are currently looking into stock which may have made a major move on Thursday then it might be a good move to take a look at the CompuMed Inc (OTCMKTS:CMPD) stock.

Market Stats

On Thursday, CMPD stock surged over 9% to $0.2785 with more than 43K shares, compared to its average volume of 13K shares. The stock has moved within a range of $0.2500 – 0.2600 after opening trading at $0.25.

Earnings Recap

The company was in sharp focus among investors yesterday after it announced financial results for the fourth quarter and also for the full year. The numbers seemed to have come as a boost for the company and the stock ended up with gains of as much as 8% for the day. In this situation, it might be a good idea for investors to take a look at some of the headline numbers in order to make up their minds about CompuMed.

In the fourth fiscal quarter, CompuMed managed to generate revenues to the tune of as much as $1.45 million and that proved to be an improvement on the revenues of $1.26 million in the year ago period. On the other hand, the revenues for the full year stood at $6.32 million and that was again, an improvement on the revenues of $5.27 million that CompuMed had generated in the previous fiscal year. Hence, it is perhaps not a surprise that investors piled on to the stock on Thursday.

Traders Corner

CMPD stock is trading above the 20-Day and 200-Day Moving averages of $0.27 and $0.27 respectively. The stock is trading in neutral zone with the RSI at 51.  The stock is up 9% in the past week.