Boston, MA 06/06/2013 (wallstreetpr) – The share prices of ECOtality Inc. (NASDAQ:ECTY) had surged by 12.58 percent to close at $1.79 per share for the end of last trading session on Wednesday. The shares of the company had been trading in the range of $1.60 to $1.88 per share during the day. The shares of ECOtality Inc. (NASDAQ:ECTY) had recorded 52 week high price level of $2.40 per share and 52 week low price level of $0.26 per share.
ECOtality Inc. (NASDAQ:ECTY) is primarily engaged in providing technologies related to electric storage and transportation. The product categories of the company include electric vehicle infrastructure products and solutions which are to be used in on-road, grid connected vehicles, plug – in hybrid electric vehicles, battery electric vehicles and in applications related to material handling and airport ground support.
ECOtality Inc. (NASDAQ:ECTY) operates through its principal subsidiary, Electric Transport Engineering Corporation and the leading product of the company is Minit Charger line of advanced of battery fast charge systems which are designed to provide for various motive applications. The other primary products of ECOtality Inc. (NASDAQ:ECTY) include specialty solar products, advanced battery systems and hydrogen and fuel cell systems.
The shares of ECOtality Inc. (NASDAQ:ECTY) had surged in trading volumes to record the trade of 1.81 million shares on Wednesday, while the average trading volume is at 1.08 million shares per day. The company presently holds 25.63 million shares outstanding in the market and the institutional ownership in ECOtality Inc. (NASDAQ:ECTY)is at 18 percent of its holdings.