yesterday VTPI soared the next 11.76% and its volume jumped over 6 million shares traded.Despite the up move that lasted a whole week, apparently Vital Products decided to re-ensure its market position by two promotions yesterday. As soon as VTPI was promoted, its traded volume rose up and the high trade began.
In fact, the most probable reason for the beginning of the current up move lies in the positive press releases about Vital. Following the records, we notice that the company has been publishing impressive announcements about its activities for over a week and yesterday it struck traders again by stating that VTPI expected record sales of over 100% up.[BANNER]
The news being published and the promotions being done, the stock immediately jumped up and the gain was for real. Though, the revenue expectations are yet to be confirmed.
Vital Products, Inc. is a distributor of industrial packaging products. At the beginning of this year, the company used to trade much higher, but after that the stock price has moved down.
The financial results of VTPI show that its revenues have improved as compared to the previous period, though the operating loss has not been covered yet. The company’s total assets are over 50% lower than its liabilities and the stockholders’ equity has decreased.
Judging by these results, VTPI has no sufficient cash to pay the losses, although in the meantime the company is making great projections about its future.
