Boston, MA 06/18/2013 (wallstreetpr) – The share prices of Channel Advisor Corp. (NYSE:ECOM) had surged by 2.46 percent to close at $15.83 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $15.75 to $16.34 per share during the day. The shares of Channel Advisor Corp. (NYSE:ECOM) had recorded 52 week high price level at $19.77 per share and 52 week low price level at $15.31 per share.
Channel Advisor Corp. (NYSE:ECOM) is primarily engaged in providing Software-as-a-Service Solutions to enable retailers and manufacturers to integrate, manage and optimize their merchandise sales across hundred of online channels. The leading provider of cloud based E-commerce solutions had announced the results of a market survey in which it was reported that many European retailers are planning to expand into international markets in the next two years. However such retailers still view the UK and the continental Europe markets as the best commercial opportunity for e-commerce.
This research conducted at Catalyst Europe 2013, the leading European E-commerce event further reported that 17% of European retailers are anticipating expansion into Asia within the next two years (in addition to 17% that are already selling into Asia), compared with 21% who expect to expand into North America (in addition to 34% that already sell into North America). It is also expected that a further 13% of European retailers will expand to South America in the next two years, increasing from the 23% who currently operate in this region today.
The research report thus proves that the market opportunities for the businesses of Channel Advisor Corp. (NYSE:ECOM) are ever expanding with further entry into international markets. The company had witnessed the trade of 350,839 shares on Monday, while the average trading volume is at 551,064 shares per day.
