Liquidmetals Technologies (LQMT) Fires A Positive Day

Shares of Liquidmetals Technologies (OTC: LQMT) closed trading on Tuesday just fractions from its high for the day. Prices swung from the opening print of $0.32 to an intraday high of $0.365 and finished the trading session at $0.362.  The number of shares trading on the day amounted to over 8.3 million, which dwarfed the volume turned in during each of the last five trading sessions.

The first print of the day at $0.32 exceeded Monday’s closing price by $0.03.  The stock traded above $0.35 in the first few minutes after the opening bell across nearly 1.4 million shares. Before the completion of the initial hour of trading, Liquidmetals Technologies shares recorded its low for the day at $0.305.More than a quarter of the total volume on the day traded in the first hour. The stock remained virtually flat until the final hour. In the last sixty minutes of Tuesday’s trading session, Liquidmetals Technologies shares rallied several cents to an intraday high before closing up over seven cents or a percentage gain of nearly 25%.

Liquidmetals Technologies stock over the last year has traded in a range from $0.115 to just under $0.635.  The stock hit its fifty-two week high towards the end of April after a drawn out decline of six months. Volume has also picked up in pace since the stock traded at its low point for the year.

The Rancho Santa Margarita, California company manufactures and markets products made from amorphous alloys, also known as metallic glass alloys, and bulk alloys. The products of its coatings operations are used in protecting industrial machinery and equipment.

The most recent stock transactions for insiders occurred in January when two buys and one sell were filed.

Here’s a historical snapshot on the company:

  • June 5th, 2012:  the company announced it agreed to use Visser Precision Cast as a contract manufacturer. Visser will provide mold and manufacturing technologies to Liquidmetals.
  • May 15th, 2012:  Liquidmetals Technologies reported financial results for the quarter ending on March 31st. The company showed revenues of $200,000 and a net operating loss of $1 million. In a conference call after the earnings release, CEO Tom Steipp said he was excited about the company’s progression.

Currently, no analysts follow the stock.

Liquidmetals Technoloies does face nearly a half-dozen competitors that include Horsehead Holding (NASDAQ: ZINC) up 4%, RTI International Metals (NYSE:RTI) up 3%, and Titanium Metals (NYSE: TIE) up 1%.

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Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page (https://plus.google.com/103338576216002376250).

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