Evans & Sutherland Computer Corp (OTCMKTS:ESCC) Puts on Weight
After a freak session that saw the stock of Evans & Sutherland Computer Corp (OTCMKTS:ESCC) shift its biggest volume for the past five months, the company’s share price climbed to a massive green close. ESCC ended Friday trading 36% up, just a breath away from a dollar per share, at $0.995.
The sudden spike in investor attention is very difficult to pinpoint. ESCC last filed a 10-Q that went up in mid-August, a good couple of weeks before the spike. On the day of the report the stock did go up over 20% but went through similarly large dips afterwards. Here is the brief version of the report’s balance sheet figures:
- $2 million in cash
- $30 million in current assets
- $14 million in current liabilities
- $10 million in quarterly sales
- $2.7 million in quarterly net loss
The company makes digital cinema and planetarium equipment, including the so-called fulldomes. ESCC is a SEC filer but the failing share price pressed the company down to pink sheet status, as per the new regulations of the OTC marketplace.
The spike the stock charted with no visible triggers could prove hard to sustain. The last time ESCC‘s share price went up in double digits was on Aug 21. In the following session the stock wiped all gains from the 21st and then some.