Boston, MA 05/24/2013 (wallstreetpr) – The share prices of UniTek Global Services Inc. (NASDAQ:UNTK) had surged by 13.61 percent to close at $1.92 per share for the end of the last trading session. The shares of the company traded in the range of $1.60 to $1.93 per share during the day. The 52 week low price level for UniTek Global Services Inc. (NASDAQ:UNTK) is at $0.95 per share and the 52 week high price level for the company is $4.33 per share.
UniTek Global Services Inc. (NASDAQ:UNTK) is involved in providing permanently outsourced infrastructure solutions to customers in the wireless and wireline telecommunications, satellite televisions and cable industries. The company has operations across the United States and Canada. The services provided by UniTek Global Services Inc. (NASDAQ:UNTK) include network 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.
In line with the letter from NASDAQ conveying that UniTek Global Services Inc. (NASDAQ:UNTK) is not in compliance with the listing rules of the exchange as the company had failed to submit its annual reports regularly, the company had recently updated its status in which it had promptly responded to the letter stating that it would take required actions to comply with the listing rules.
UniTek Global Services Inc. (NASDAQ:UNTK) presently holds 18.71 million shares and the institutional holding in the company is 52 percent of its ownership. The average trading volume for the company is 188,412 shares per day.
