Boston, MA 06/12/2013 (wallstreetpr) – The share prices of UQM Technologies Inc. (NYSEMKT:UQM) had surged by 26.67 percent to close at $1.33 per share for the end of last trading session on Tuesday. The shares of the company had been trading in the range of $1.11 to $1.55 per share during the day. The shares of UQM Technologies Inc. (NYSEMKT:UQM) had recorded 52 week low price level of $0.68 per share and 52 week high price level of $1.80 per share.
UQM Technologies Inc. (NYSEMKT:UQM) is primarily engaged in the development, manufacturing and sales of electric motors, generators and power electric controllers for the automotive, aerospace, military and industrial markets. The Company’s primary focus is incorporating its advanced technology into products for clean vehicles including propulsion systems for electric, hybrid electric, plug-in hybrid electric and fuel cell electric vehicles.
UQM Technologies Inc. (NYSEMKT:UQM) had recently signed a long term supply agreement with the Electric Vehicles International to extend the vehicle electrification work that the companies had been processing in partnership. In line with this agreement, the Power Phase HD systems developed by UQM Technologies Inc. (NYSEMKT:UQM) will be used to power all the electric walk in vans and medium duty commercial trucks manufactured by Electric Vehicles International.
The UQM HD systems developed by UQM Technologies Inc. (NYSEMKT:UQM) are designed to ensure solid electric power train to the vans and medium duty commercial trucks and are built to meet and exceed the requirements of the industry. The shares of UQM Technologies Inc. (NYSEMKT:UQM) had thereby been surging in prices with heavy trading volumes owing to this long term supply agreement.
UQM Technologies Inc. (NYSEMKT:UQM) had witnessed the trade of 2.78 million shares on Tuesday, while the average trading volume for the company is at 87,384 shares per day. The company presently holds 37.02 million shares outstanding in the market with an institutional ownership of 12 percent of its holdings.
