Home / Market Movers / Intermolecular Inc. (IMI) Gives Tech Stocks a Boost with Rise of 6.25% in Early Trading on April 21

Intermolecular Inc. (IMI) Gives Tech Stocks a Boost with Rise of 6.25% in Early Trading on April 21

Intermolecular Inc. (IMI) is one of the best performing stocks in the technology sector for companies listed on the New York Stock Exchange or NASDAQ exchange shortly after the opening bell on April 21. Shares of IMI have climbed 6.25% about 30 minutes into the session to $0.85 after closing the day prior at $0.8. It’s early, but the stock has traded as high as $0.85 and as low as $0.85 so far. Today’s quick advance has come with about 168 shares changing hands, compared to an average 30-day volume of 47,612 for Intermolecular Inc.. The price is currently below the 30-day volume weighted average price of $0.85 for IMI.

The share appreciation gives the company a market capitalization of $39.66 million based upon 49.57 million shares outstanding. It also means that IMI has a price-to-book ratio of 0.88:1 and a price-to-earnings ratio of :1.

In the past 52 weeks, shares of IMI have traded as low as $0.784 and as high as $2.52. Technical traders will take note that at $0.85, shares of IMI are trading below their 200-day MA at $1.07 and below their 50-day MA at $0.98. 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 IMI?

Intermolecular Inc is engaged in research and development and time-to-market for the semiconductor and clean-energy industries. It targets the semiconductor and emerging clean-energy markets, including DRAM, flash memory, complex logic and flat glass. The company’s 145 employees are led by CEO Christian Kramer from the corporate headquarters at 3011 North First Street.

For more information on IMI and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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