Boston, MA 06/04/2013 (wallstreetpr) – The share prices of Clearfield Inc. (NASDAQ:CLFD) had surged by 17.65 percent to close at $9.93 per share for the end of last trading session on Monday. The shares of the company had been trading in the range of $8.50 to $10.13 per share during the day before closing at $1.49 per share than the previous closing price on Friday. This surge in share prices had led Clearfield Inc. (NASDAQ:CLFD) to hit new 52 week high price level of $10.13 per share and the 52 week low price level of the company is at $4.00 per share.
Clearfield Inc. (NASDAQ:CLFD) is involved in the development, manufacture and sales of fibre management and enclosure platform. This platform is further used for the consolidation, distribution and protects of fiber from the inside plant to the outside plant and to the home, business site or cell site. Clearfield Inc. (NASDAQ:CLFD) had been actively engaged in developing its range of product offerings and widening its customer base in the recent few years.
Clearfield Inc. (NASDAQ:CLFD) had been successful in establishing itself as a major supplier to its target markets which include broadband service providers, independent local exchange carriers and wireless service providers.
The shares of Clearfield Inc. (NASDAQ:CLFD) had been recently surging to new peaks and had been experiencing heavy trading volumes. The company witnessed nearly 276,577 shares being exchanged hands on Monday, while the average trading volume is at 58,444 shares per day. Clearfield Inc. (NASDAQ:CLFD) presently holds 12.85 million shares outstanding with 12 percent institutional ownership.
