Boston, MA 06/06/2013 (wallstreetpr) – The shares of The Hallwood Group Inc. (NYSEMKT:HWG) had surged to $9.65 per share for the close of last trading session on Wednesday, which was observed to be a gain of 19.88 percent over the previous closing price of the company. The shares had been trading in the range of $9.51 to $9.66 per share during the day, almost close to year high prices. The shares of The Hallwood Group Inc. (NYSEMKT:HWG) had recorded 52 week low price level of $5.61 per share and 52 week high price level of $10.37 per share.
The Hallwood Group Inc. (NYSEMKT:HWG) with its principal focus on textile products operates through its wholly owned subsidiary, Brookwood Companies Inc. The subsidiary is involved in production and supply of specialized textile fabrics and other related products through specialized finishing, coating and treating processes. The fabrication of textiles is either carried out at the plants of Brookwood Companies Inc. located in Rhode Island and Connecticut or through contracts with independent finishers.
The textile fabrics produced at Brookwood Companies Inc. are designed to meet the government and private industry standards and designed to serve the purposes of customers in military, domestic and industrial markets. The Hallwood Group Inc. (NYSEMKT:HWG) had witnessed a heavy trading volume with nearly 12,074 shares being exchanged hands on Wednesday, while the average trading volume of the company is at 948 shares per day.
The Hallwood Group Inc. (NYSEMKT:HWG) presently holds 1.53 million shares outstanding with an institutional ownership of 7 percent.
