Caduceus Software Systems Corp. (OTC:CSOC) doesn’t have the most active trading history, but yesterday it showed signs it can generate some interest.
Not only did CSOC close up 20% at $0.12, but it did so on an impressive volume of 2 million shares.
Most probably, this activity was spurred by a press release issued by the company. It didn’t exactly give news, but rather gave an idea what the company is about.[BANNER]
CSOC is a software company which focuses on developing a solution for private practitioners and doctors. This means the company is trying to provide medical records management software and electronic health records management.
The thing that CSOC believes to set them apart from most other companies in the sector is that their product integrates software for both doctors and their supporting staff.
As of Mar. 31 the company was still in the development stage, and with the lack of more recent financial reports it is difficult to justify the current price. At $0.12 per share, the market cap of CSOC is approximately $33 million. With no revenues this valuation may be a bit steep.
However, there seems to be some interest in the company and optimism about where it may go. Companies in the health care information management sector may stand to profit from the current health care situation, but whether CSOC will be able to do so is not clear yet. Investors should weigh their options on this one.
