Evans & Sutherland Computer Corp (OTCMKTS:ESCC) Surges For No Apparent Reason
[[tagnumber 0]][[tagnumber 1]]The stock of Evans & Sutherland Computer Corp (OTCMKTS:ESCC) rarely sees a lot of action and is seen swinging in both directions, without finding a firm path. The ticker often finishes sessions without a single share of the company stock being traded, which is not uncommon for some pennystocks.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Especially when we are speaking of a company that has rather decent financials and doesn’t seem to appeal to most people trading on the OTC marketplace, looking for a quick gain. Here is just a quick example of some of the contents of the company’s financial report for the fiscal 2015.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $3.73 million[[tagnumber 11]] [[tagnumber 10]]current assets: $16.96 million[[tagnumber 11]] [[tagnumber 10]]current liabilities: $10.35 million[[tagnumber 11]] [[tagnumber 10]]revenues: $35.29 million[[tagnumber 11]] [[tagnumber 10]]net loss: $1.27 million[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Those numbers are pretty good by OTC standards and the market cap of [[tagnumber 24]]ESCC[[tagnumber 25]] seems rather small. The company, however, doesn’t seem too hesitant to inspire investor confidence and we haven’t seen many press releases, apart from the ones announcing quarterly and annual results.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This is exactly why yesterday’s 15.79% gain that pushed [[tagnumber 24]]ESCC[[tagnumber 25]] to $1.10 was rather strange. While the ticker was climbing the charts we also saw 153 thousand shares change their owners and generate $160 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]As usual, the boost in trading was short–lived and we see that no shares have been traded in today’s session so far. In any case, do your due diligence and weigh out the risks before attempting any trades.[[tagnumber 2]]
