Boston, MA 05/29/2013 (wallstreetpr) – Ocean Bio-Chem, Inc (NASDAQ:OBCI): In Tuesday’s trading session, shares of Ocean Bio-Chem, Inc (NASDAQ:OBCI) rose by 19.18%. The opening price $2.50 touched an intraday high of $3.23 before dipping to $2.50 per share. More than 0.842M shares were traded in Tuesday’s trading session which was higher than the average volume of 0.826M that was measured over a period of 30 days.
It was a heyday for Ocean Bio-Chem, Inc (NASDAQ:OBCI). The company manufactures markets and distributes a vast line of maintenance and appearance products. These are used in recreational vehicles, boats, power sports, motorcycle markets and automobiles. They are marketed under the StarTron and Starbrite brand names. The company has a few other trademarks as well. The company’s stock price has been on the rise and its trading volume has gone beyond the 800,000 mark. This is strikingly higher than the quarterly average of 30,000. Today’s movement had been triggered by a recent announcement that the company had made. OBCI had announced that CEOLive.TV had recently interviewed Peter Dornau, the company chairman and CEO. In the interview he discusses Ocean Bio-Chem, Inc (NASDAQ:OBCI)’s most recent achievements, their business strategy as well as the future growth opportunities. Ocean Bio-Chem, Inc (NASDAQ:OBCI) has very recently launched a new approved product named Xtreme-A-Cide P.
The Ocean Bio-Chem, Inc (NASDAQ:OBCI)’s products are manufactured at its subsidiary’s manufacturing facilities. Kinpak, Inc. (Kinpak), in Montgomery, in Alabama is its subsidiary. OBCI’s products are sold via national retailers, such as West Marine Wal-Mart and Bass Pro Shops.
