Home / Industrial Goods / Industrial Goods Sector Bolstered by 9.2% Midday Gain for Bonso Electronics International Inc. (BNSO) on September 23

Industrial Goods Sector Bolstered by 9.2% Midday Gain for Bonso Electronics International Inc. (BNSO) on September 23

Bonso Electronics International Inc. (BNSO) has lent support to NYSE and NASDAQ listed companies in the industrial goods sector by being one of the best performers during morning trading on September 23. At the lunch break, shares of BNSO have jumped 9.2% to $1.9 after closing the day prior at $1.74. In the first two and a half hours of trading, the stock has gone as high as $1.99 and as low as $1.78. Today’s rise has come with about 296,421 shares changing hands, compared to an average 30-day volume of 228,166 for Bonso Electronics International Inc.. The price is currently below the 30-day volume weighted average price of $1.89 for BNSO.

The share appreciation gives the company a market capitalization of $9.0 million based upon 5.17 million shares outstanding. It also means that BNSO has a price-to-book ratio of 0.62:1.

In the past 52 weeks, shares of BNSO have traded as low as $1.0 and as high as $3.35. Technical traders will take note that at $1.9, shares of BNSO are trading above their 200-day MA at $1.5 and above their 50-day MA at $1.88. 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 BNSO?

Bonso Electronics International Inc designs, develops, produces and sells electronic sensor-based and wireless products for private label original equipment manufacturers, original brand manufacturers and original design manufacturers. The company’s 415 employees are led by CEO Anthony So from the corporate headquarters at Unit 1404, 14th Floor, 9 Hillwood Road in Hong Kong, .


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