Volume Spike Investor

Synergetics USA, Inc. (NASDAQ: SURG) is generally a thin volume stock that most have probably not heard of.  The company posted its quarterly results yesterday and shares are surging now that the market has opened.  Shares are up about 28% at $2.85, but we’d note that this is on a mere 67,000 shares having traded hands after about 20 minutes of trading.  Average volume is only about 13,000 shares and this is the most active day since late February when it traded over 98,000 shares.

STOCK OPTIONS:  NO

52-WEEK TRADING RANGE: $1.86 to $4.10

MARKET CAP: $69 million

INDUSTRY: Surgical Equipment
Jon Ogg
June 10, 2008