Boston, MA 06/06/2013 (wallstreetpr) – The shares of Willdan Group Inc. (NASDAQ:WLDN) had closed at $3.12 per share for the last trading session on Wednesday, which was observed to be 4 percent higher than the previous closing price. The shares of the company had been trading in the range of $2.99 to $3.28 per share during the day. This recent surge in share prices had led Willdan Group Inc. (NASDAQ:WLDN) to record new level of 52 week high prices at $3.28 per share and the 52 week low price level of the company is at $1.14 per share.
Willdan Group Inc. (NASDAQ:WLDN) is involved in providing consultancy services to public agencies. The company provides professional, technical and other consulting services to agencies at various levels of government, public and private utilities and commercial and industrial firms. Willdan Group Inc. (NASDAQ:WLDN) operates its business in four major segments such as Homeland Security services, Energy Efficiency Services, Public Finance Services and Engineering services.
In the recently released financial results for the first quarter of 2013, Willdan Group Inc. (NASDAQ:WLDN) had recorded revenue of $21.4 million, which was observed to be $4.1 million less than the same quarter of previous year. However, owing to reduced expenses, Willdan Group Inc. (NASDAQ:WLDN) reported a net income of $0.4 million for the first quarter compared to a net loss of $1.4 million for the same quarter of previous year.
Willdan Group Inc. (NASDAQ:WLDN) presently holds 7.35 million shares outstanding in the market with an institutional ownership of 17 percent of its holdings.