Shares of Tii Network Technologies, Inc (TIII) hit a new 52 week high on Friday as the stock continues to surge on heavy volume. Tii rose 20.17 percent to $2.84 after climbing to $3.02 earlier, the highest intraday price since December 3.
The stock has been moving largely higher over the past two months and is currently trading above its 50-day moving average located at $1.89, and 200-day moving average located at $1.55.
The day’s trading range for shares of Tii Network Inc., which are running on no news, has been between $2.53 and a 52-week high of $3.02 per share. Volume has exploded with more than 1.7 million TIII shares already trading hands compared to a daily average volume of just 139,000.
At last check, TIII was up 49 cents, or 21.03%, to $2.82.
Edgewood, New York – based Tii Network Technologies, Inc. designs, manufactures, and markets products for use in the networks to service providers in the communications industry in the US.
Disclosure: No Position