its traded volume jumped up over 691 thousand shares.There is no particular reason for the low trade, though traders look disappointed as they are dumping their shares.
The latest news about Document Capture came up on October, 14. According to the announcement, the company was going to exhibit at the Banking Administration Institute’s Retail Delivery Conference in Las Vegas from Oct 19-21, 2010.
David P. Clark, CEO of DCT, expressed his confidence about the presentation of the company’s new 540 ID Scanner and projected increased revenues from the leading products. Though the optimistic projections, the stock didn’t move up much and it started to move down again shortly.
After publishing the conference news, nothing more on Document Capture came up and the results of the presentation are yet to be seen.[BANNER]
Document Capture Technologies is engaged in the design, manufacturing and sale of USB powered mobile page-fed document capture platforms. At the beginning of this year, DCT used to trade lower, though in August the stock price jumped up to $0.85 per share. Presently, the trading range of DCT is between $0.51 – $0.77.
According to its quarterly results, the revenues of Document Capture have got a bit lower, while its research and development expenses have been increasing. The company still has more assets than liabilities, though the management expects the expenses will continue.
In end-June, DCT’s principal sources of liquidity included cash and cash equivalents of $306 thousand and a borrowing capacity of approximately $2 million under a line of credit. Based on these financials, management team believes that the cash resources will be sufficient to fund the company’s operations through the next 12 months. However, after that the operations of DCT remain unclear.
