Spike Alert: Wonder Auto Technology Jumps 10% on Strong Volume

Posted in General 
October 10th, 2007

by H.S. Ayoub
Volume Spike Investor

Shares of Wonder Auto Technology (WATG) jumped 10% o n 9x the 3-month daily average on Tuesday.

There were no news releases or other significant events that could be detected. The bulk of the volume surge happened near the end of trading.

Wonder Auto Technology, Inc., through its subsidiaries, engages in the design, development, manufacture, and sale of automotive electrical parts primarily in the People’s Republic of China.

The company has a market cap of $200 million, with 24 million outstanding shares. According to Yahoo!Finance it carries close to $10 million in cash holdings but about $26 million in debt.

Shares of Wonder Auto Technology closed at $8.31, after making a new 52-week high of $8.40 during the day.

Wonder Auto Technology has made VSI Watch Alert List, and will be tracked for the next two weeks.

Source: VSInvestor.com
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