Boston, MA 05/23/2013 (wallstreetpr) – The global supplier of advanced network communications solutions provider, Performance Technologies (NASDAQ:PTIX) now enables the independent registered investment advisors to manage their portfolios with highly flexible technology. The PortfolioCenter Hosted, recently launched by the company serves the Registered Investment Advisors to access data online from any location and at any time in a secured and protective environment.
Launch of PortfolioCenter Hosted
The share prices of Performance Technologies (NASDAQ:PTIX) increased by 6.09 percent to close at $1.22 for the last trading session. The shares traded in the range of $1.15 to $1.37 per share during the day. Further, Performance Technologies (NASDAQ:PTIX) also witnessed heavy trading volume with nearly 22,167 shares being exchanged hands during the day, while the average trading volume for the company is only 7,350 shares per day.
This surge in prices and trading volume are mainly attributed to the upgraded portfolio management software launched by Performance Technologies (NASDAQ:PTIX). This PortfolioCenter Hosted holds the complete functionality of the previous version, PortfolioCenter with an added benefit to the investment advisors where the technology infrastructure and management of the software would be wholly handled by Performance Technologies (NASDAQ:PTIX). The software product is thus aimed at investors who look out to access data on the move, but would like to shed the burden of technology management.
Performance Technologies (NASDAQ:PTIX) presently has around 11.12 million shares outstanding and the institutional ownership in the company is 46 percent of the holdings. The company is engaged in providing advanced network communications solutions to government, service providers and other equipment manufacturer markets.
