Boston, MA 05/23/2013 (wallstreetpr) – The share prices of SGOCO Group Ltd (NASDAQ:SGOC) increased by 15.23 percent to close at $1.21 per share for the last trading session. This was observed to be an increase of $0.16 per share over the closing price of previous day. SGOCO Group Ltd (NASDAQ:SGOC) which is involved in the design, manufacture and distribution of LCD and LED consumer products also witnessed heavy volume of trading in its stock at 497,067 shares during the day, while the average trading volume for the company is only at 77,906 shares per day.
SGOCO Group Ltd (NASDAQ:SGOC) which operates as a holding company is primarily involved in the production of liquid crystal display (LCD) products for consumers. The product lines of the company include LCD monitors for personal computers, LCD televisions, application specific LCD systems and Light Emitting Diode (LED) back light modules.
The company handles its operations through two business units – SGOCO (HK) International Limited and the wholly owned subsidiary, SGOCO (Fujian) Electronic Company Limited. SGOCO Group Ltd (NASDAQ:SGOC) sells its products under brand names such as Founder, No. 10, SGOCO, POVIZON and TCL.
SGOCO Group Ltd (NASDAQ:SGOC) had recently appointed Ms. Wai Man (Helen) Hsu as an independent director to the board of the company. The LCD consumer products manufacturer has a market capitalization of $21.13 million and had floated 17.47 million shares to raise the capital for its operations. SGOCO Group Ltd (NASDAQ:SGOC) has a 52 week low price level of $0.70 per share and 52 week high price level of $2.38 per share.