over 1 million shares for the day. A phenomenal value for AVSC, considering the fact that its average volume totals about 49 thousand shares. Obviously, something has provoked the up move and the high trade has begun.According to stockpromoters.com, AVSC has been promoted yesterday and the promotion immediately pushed up its market price. Besides, it seems that the stock was additionally supported by the positive alerts and discussions that appeared at some websites.
According to stockreads.com, AVSC was defined as a “Major trade alert” for yesterday, due to the “fantastic news this morning that has caused a tremendous stir in valuation of the company in the stock market”. Being published, the news grabbed investors’ attention and the discussions at investorshub.com have started. These stated that Microsoft, the multi billion company partner, was ready to work with AVSC, which projected much higher stock price.[BANNER]
Apparently, after all these claims AVS cut off the previous day loss and aimed the top of the chart. Though, the future results are up to be seen.
Advanced Visual Systems Inc. provides industry-leading, interactive data visualization software and solutions that help business, scientific and engineering users gain critical insight from all types of data. In October, 2009 the stock price has exceeded $1 per share, however, after that it began to move down.
According to the company’s latest quarterly report, they have more assets than liabilities on the balance sheet, though AVS has a long-term debt of over $2 million. The company’s expenses have significantly increased as compared to the year before and they still have a net loss and loan indebtedness to cover. The 10-Q report of AVS stated that “Based on a review of the recorded per share market price, the value of the shares has declined significantly over the period of September 15, 2009 and ending June 30, 2010.”
Presently, AVSC is trading near its 52 week low range at only 15 cents per share, though the team management relies on its new partnership for higher future earnings.
