Boston, MA 09/26/2013 (wallstreetpr) – Trans-Lux Corporation (OTCMKTS:TNLX) shares have shown an over 26% increase in share value as of close of business on September 24. This translates to a 46% decrease from its 52 weeks high value of $0.45 it had recorded during December’12 and a close to 100% increase from its 52 week low valuation it had recorded during September 20’13. A total of 37,800 shares got traded through the day compared to 65 day valuation of 8579 shares.
The trigger for this keen interest in the stock over the past six days which has led to more than 100% appreciation in stock value is not easily found. An investigation into the share holding patterns of this company indicate that on September 17, a private investment firm GAMCO Investors filed a From 13 D with SEC informing indicating their TNLX current stock holding pattern. As per the report GAMCO investors own a total of 10,372,100 shares out of the 25.9 million shares outstanding thus accounting for 40.02% holding in the company stock. This 40% holding is held by three different proxies of GAMCO. These are Gabelli Funds with 38.9% stake, followed by GAMCO asset management with 0.42% and Teton Advisors with 0.68%.
The company has a market cap of $6.21 million and had recorded a net loss of $1.05 million in the most immediate quarter which ended on June 30’13.
Trans-Lux Corporation is into the designing and manufacturer of digital video displays and LED lighting solutions. The company specializes in catering to the indoor and outdoor video display needs of its customers through its offerings of large screen size LCD Displays and scoreboard display screens . Its LED lights segment offers energy efficient lighting solutions to both commercial and retail consumers.
