Boston, MA 05/24/2013 (wallstreetpr) – The share prices of GIG Optix Inc (NYSEMKT:GIG) surged by 11.38 percent to close at $1.37 per share for the end of the last trading session. The shares traded in the range of $1.27 to $1.40 per share during the day before closing at $0.14 per share gain for the day. The shares of GIG Optix Inc (NYSEMKT:GIG) have an intraday low price level of $0.83 per share and an intraday high price level of $2.80 per share.
GIG Optix Inc (NYSEMKT:GIG) is involved in the supply of semiconductor and electro optical component products to enable high speed end to end data streaming over optical fiber. The semi conductor components supplied by the company serves wireless communication and telecommunication networks globally. The product lines of GIG Optix Inc (NYSEMKT:GIG) are used to convert signals between electrical and optical formats so as to ensure transmitting and receiving data over fiber optic networks and between electrical and high speed radio frequencies to enable the transmission and receipt of data over wireless networks.
First Quarter Results
GIG Optix Inc (NYSEMKT:GIG) had recently reported the financial results for the first quarter in which the company had registered $6.9 million revenue and non GAAP net income attributable to shareholders was observed to be $0.01 per basic and diluted share.
The semiconductor components supplier currently holds 22.33 million shares outstanding in the market and the average trading volume for the company is 127,464 shares per day. The institutional ownership of GIG Optix Inc (NYSEMKT:GIG) is about 12 percent of the holdings.
