Boston, MA 06/14/2013 (wallstreetpr) – The share prices of Unitek Global Services Inc. (NASDAQ:UNTK) had surged by 7.41 percent to close at $1.45 per share for the end of last trading session on Thursday. The shares of the company had been trading in the range of $1.38 to $1.68 per share for the day, after opening at $1.38 per share. The shares of Unitek Global Services Inc. (NASDAQ:UNTK) had recorded 52 week low price level of $0.95 per share and 52 week high price level of $4.33 per share.
Unitek Global Services Inc. (NASDAQ:UNTK) is involved in providing permanently outsourced infrastructure services to the wireless and wireline telecommunications, satellite televisions and broadband cable industries in the United States and Canada. The company provides a wide range of services to its customers which include engineering and design, construction and project management, comprehensive installation and fulfillment, wireless telecommunication infrastructure services and wireless system integration for public safety and land mobile radio applications.
Unitek Global Services Inc. (NASDAQ:UNTK) had recently announced that it had made further amendments to the Forebearance agreements with the company’s lenders under its Term and Revolving Credit Agreements. In line with this amendment, the termination of standstill periods contained in the original Forebearance agreements of April 30, 2013 had further been extended through June 30, 2013.
As part of this amendment, Unitek Global Services Inc. (NASDAQ:UNTK) had made full interest payments under its Term Credit Agreement which were due on May 29, 2013. This forebearance period is to be effectively utilized by the company for considering various refinancing alternatives to its indebtedness.
The shares of Unitek Global Services Inc. (NASDAQ:UNTK) had witnessed the trade of 87,050 shares on Thursday. The company presently holds 18.71 million shares outstanding in the market with an institutional ownership of 52 percent of its holdings.
