Boston, MA 06/05/2013 (wallstreetpr) – The share prices of WPCS International Inc. (NASDAQ:WPCS) had closed at $3.95 per share at the end of last trading session on Tuesday. This was observed to be a gain of 10.96 percent over the previous closing price of the share on Monday. The shares of the company had been trading in the range of $3.56 to $4.45 per share during the day.
Reverse stock split
WPCS International Inc. (NASDAQ:WPCS) had recorded 52 week high price level of $8.05 per share and 52 week low price level of $2.03 per share. The company had recently a reverse stock split of its outstanding common stock in the market so as to meet out the requirements of NASDAQ listing market related to continuance of being listed on the exchange. The reverse stock split of the common stock of WPCS International Inc. (NASDAQ:WPCS) would thereby occur at the rate of one to seven shares outstanding in the market.
WPCS International Inc. (NASDAQ:WPCS) serves the communications infrastructure market by providing design – build engineering services and has its operations in five countries of three continents . The company operates its business through three major segments namely wireless communication, electricity power and specialty construction.
The shares of WPCS International Inc. (NASDAQ:WPCS) had recently been trading in heavy volumes with the company experiencing the trade of nearly 260,933 shares on Tuesday, while the average trading volume of the company is at 18,905 shares per day. The company presently holds 993,448 shares outstanding in the market with an institutional ownership of 31 percent.
