RadiSys Corporation (RSYS) has been one of the best performers amongst all NYSE and NASDAQ listed stocks in the technology sector during morning trading on September 22. At the lunch break, shares of RSYS have risen 5.7% to $5.75 after closing the day prior at $5.44. In the first two and a half hours of trading, the stock has gone as high as $5.81 and as low as $5.47. Today’s rise has come with about 249,173 shares changing hands, compared to an average 30-day volume of 149,819 for RadiSys Corporation. The price is currently below the 30-day volume weighted average price of $5.7 for RSYS.
The share appreciation gives the company a market capitalization of $208.24 million based upon 38.28 million shares outstanding. It also means that RSYS has a price-to-book ratio of 3.22:1.
In the past 52 weeks, shares of RSYS have traded as low as $2.25 and as high as $5.74. Technical traders will take note that at $5.75, shares of RSYS are trading above their 200-day MA at $4.0 and above their 50-day MA at $5.04. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is RSYS?
Radisys Corp provides wireless infrastructure solutions for the telecom, aerospace and defense markets. The Company provides hardware and software platforms for Next Generation IP-based wireless, wireline and video networks. The company’s 710 employees are led by CEO Brian J. Bronson from the corporate headquarters at 5435 NE Dawson Creek Drive in Hillsboro, OR.
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