and its volume jumped up to approximately 146 thousand shares traded.As there is no recent news on SURG, apparently the reason for the climb appears to be the positive third quarter results, released by the company a month ago. As a result, the investors got interested and started to buy shares.[BANNER]
Synergetics USA is a medical device company that designs, and sells microsurgical instruments and consumables. According to its recent financial results, the company has generated improved income and gross profit.
SURG has also registered increased sales, though the company has suffered increased expenses as compared to the previous quarter.
This year, Synergetics has entered into a couple of agreements, which included the sale of accounts receivable and open sales orders, and the company expects higher profit in 2011.
Following the chart, an uptrend for SURG has started in March this year, however the stock is currently falling down.
A month ago, Synergetics announced a conference to be hosted on 15 June this year, though we are still waiting for the further news to be published.
