Price Don’t Lie: What’s Propelling Bonso Electronics International Inc. to Reach 52-Week High?

Price Don't Lie: What's Propelling Bonso Electronics International Inc. to Reach 52 Week High?

The stock of Bonso Electronics International Inc. (NASDAQ:BNSO) hit a new 52-week high and has $4.61 target or 46.00% above today’s $3.16 share price. The 5 months bullish chart indicates low risk for the $17.26M company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $4.61 price target is reached, the company will be worth $7.94 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 5.52 million shares traded hands or 7744.14% up from the average. Bonso Electronics International Inc. (NASDAQ:BNSO) has risen 32.58% since April 15, 2016 and is uptrending. It has outperformed by 27.95% the S&P500.

According to Zacks Investment Research, “Bonso Electronics International is engaged in the design, development, manufacture and marketing of a wide range of electronic weighing scales and balances, as well as electronic health care products and wireless telcommunications devices. While innovative design and the use of the latest production technology are crucial in the success of Bonso products, it is through superior product quality that Bonso gains the confidence and loyalty of its customers.”

More news for Bonso Electronics International Inc. (NASDAQ:BNSO) were recently published by: Globenewswire.com, which released: “Bonso Electronics Reports Year End Results” on August 22, 2016. Benzinga.com‘s article titled: “15 Biggest Mid-Day Losers For Tuesday” and published on August 23, 2016 is yet another important article.

BNSO Company Profile

Bonso Electronics International Inc., incorporated on August 8, 1988, designs, develops, produces and sells electronic sensor and wireless products for private label original equipment manufacturers (OEMs), original brand manufacturers (OBMs) and original design manufacturers (ODMs). The Firm operates through three divisions: Scales, Pet Electronics Products and Others. The Scales segment is engaged in the production and marketing of sensor scales products. These include office, jewelry, laboratory, postal and industrial scales that are used in consumer, commercial and industrial applications. The Pet Electronics Products segment is involved in the development and production of pet-related electronics products that are used in consumer applications. The Others segment is a residual, which includes the activities of tooling and mold charges for scales and pet electronics products, and sales of scrap materials.

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