HEI, Inc. (PINK:HEII) published it’s financial results yesterday. The positive business performance was met with a matching market response.
HEII closed up 18.75% at $0.95 with approximately 54 thousand shares changing hands.
Such a price increase isn’t all that unusual in HEII trading history; often it has had sessions with similar price movements without any news, although the volume has usually been lower.[BANNER]
HEII reports net income of $365 thousand and $1 million for the fourth quarter of 2011 and the whole year respectively. It should be noted that HEII isn’t reporting to the SEC, and hasn’t been for a while now.
The company is engaged in the design, development and manufacturing of ultra-miniature products and software solutions for the medical, telecommunications, military, and aerospace industries.
HEII doesn’t issue a lot of press releases. Actually, it seems the company only announces its financial results. While that suggests the management doesn’t want to fill traders’ heads with promises, it also leaves potential investors with relatively little information to go on when taking a decision.
The lack of communication may be a reason for the stock to be relatively illiquid. Since yesterday’s announcement got more attention, maybe today could have a more active session than usual.
