Volume Spike Alert: Frozen Food Express

Posted in General 
May 28th, 2007

by H.S. Ayoub
Volume Spike Investor

Shares of Frozen Food Express Industries (FFEX) gained almost 5% on Friday as volume spiked about 2.5 times the 3-month average daily volume.

There were no news releases or other significant events that could be detected.

Frozen Food Express operates as a temperature-controlled trucking company in North America. It primarily transports meat, ice, poultry, seafood, processed foods, candy and other confectioneries, dairy products, pharmaceuticals, medical supplies, frozen fruits and vegetables, cosmetics, and film products.

The company is worth about $175 million on the market, and carries about $12 million in cash with no debt as last reported by Yahoo!Finance.

Shares of Frozen Food Express closed at $10.15 on Friday, about 15% away from its 52-week high of $11.91 reached back during the summer of 2006.

Frozen Food Express has made VSI Watch Alert List, and will be tracked for the next two weeks.

Source: VSInvestor.com

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