Price/Volume Spike: Fuel Systems Solutions (FSYS)

Posted in General 
July 9th, 2008

This morning we are seeing some unusual trading activity in shares of Fuel Systems Solutions, Inc. (NASDAQ: FSYS).  The stock was raised by an analyst at Broadpoint Capital, and the rating went to BUY from Neutral.  Interestingly enough, Broadpoint is an institutional research firm that has been largely overlooked.  But the company has been making some headwinds and has made several influential calls of late in alternative energy.

Shares are up 18.5% at $33.00 as of 10:21 AM EST, and we have just now crossed over an entire day’s average trading volume with about 365,000 shares having traded hands in 51 minutes since the open.

Average Daily Volume:  364,000 shares
52-Week Range:           $9.80 to $41.90
Market Cap:                  $513 million

Jon Ogg
July 9, 2008

Leave a Reply

You must be logged in to post a comment.