Vasomedical Inc. closed today’s trading at $0.21 a share, up $0.6 or 40% for the day. The upsurge in price has been accompanied by an upsurge in volume as well, with today’s traded shares totaling 3.8 million, which is about 18 times the normal daily volume. The company was first covered in QualityStocks Free Daily Newsletter back on April 7, 2009. At the time, the stock was trading for only $0.04 a share. Investors that bought the stock at that time have enjoyed seeing their investment grow by 425%!
Vasomedical designs, manufactures, markets and supports EECP(R) external counterpulsation systems based on the company’s proprietary technology. EECP(R) therapy is a non-invasive, outpatient therapy for the treatment of diseases of the cardiovascular system. The therapy serves to increase circulation in areas of the heart with less than adequate blood supply. The company is also expanding its operations into new areas of potential growth in healthcare. In fact, on May 24, 2010, the company’s subsidiary – Vaso Diagnostics – signed a sales representative agreement with GE Healthcare for the sale of select GE Healthcare Diagnostic Imaging products.
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