Lattice Stock Price Rockets This Week, Poised to Post a New 52-Week High (LTTC)

Lattice (OTC: LTTC), a leader in information technology and secure communication for military and government clients since 1973, closed at $0.15 today, posting a 66.7% increase over Tuesday.  The stock closed at $0.09 Tuesday, and opened at $0.12 this morning, posting a $0.06 increase overall. The stock narrowly missed its 52-week high of $0.1550, which ironically was posted one year ago today. Lattice’s stock price has been on a roller coaster ride since then, rising and dropping in rapid succession.  The stock price stayed fairly level for a three-week period – from April 11, 2012, to May 4, 2012 – before dropping back down again. The stock’s 52-week low came on December 8, 2011, when it closed at $0.0850.

Lattice’s stock did meet records in terms of volume, posting an increase nearly 400% above average. Volume exceeded 4.5 million shares today – not too shabby for a company whose average trading volume is 12,033 shares.  Even more shocking is that the volume was at zero just two days ago. The company has had a couple of days where the volume exceeded 100,000 shares, but nothing even close to today’s activity.

So, why the sudden interest in Lattice? What has gotten the stock price climbing and investors feverishly trading their shares? There has been no recent news about the company.  In June, Lattice announced that its Government Services division was awarded a Small Business Innovative Research (SBIR) project for improvised explosive devices (IED) detection with the United States Air Force. The contract is expected to last 18 months and is worth about $750,000.

The company posted its first quarter earnings report in May, and it showed strong growth compared to the same time last year. Revenue for this year was $3.4 million, compared to last year’s revenue of just under $3.3 million. The company is in the black so far this year, with a net income of $28,769, compared to 2011’s $522,838 loss.

The increase in revenue can be attributed to the company’s growing communications division. The revenue for the communications division alone was $2.08 million, with an increase of 106% from last year. In addition, more correctional facilities are using Lattice’s Nexus call control system, which handles inmate telephone services.

Lattice’s stock was promoted on the penny stock newsletter watch list today.  In fact, many believe it is likely that the company’s stock rally today was due to a stock promotion. How long will the stock price continue to rise? Will it post a new high? Or will it drop quicker than it rose? Only time will tell. This will be one small-cap stock that many investors will be watching closely over the next few trading days.

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Published by Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.