Shares of RiT Technologies (NASDAQ: RITT), a provider of intelligent solutions for data center infrastructure management (DCIM), registered over 14% increase during each of the past two consecutive trading sessions with significant number of shares exchanging hands. RITT was the top performer of U.S. technology sector, breaking its key technical resistance level of 200-Day DMA at $1.54 after climbing 39.8% and closed at $1.93 Tuesday, while recording significant trading volumes of 1.3 million shares. During the past 5-trading sessions, RITT gained 58.2% with daily average trading volumes of 344,260 shares, while the stock accumulated over 56.9% during the past one month with daily average trading volumes of 110,513 shares. The stock is 9.7% year-to-date.
Company Description:
RiT Technologies (NASDAQ: RITT) develops, manufactures, and sells wiring products and premise and local loop connectivity management systems. The company’s systems are used by financial enterprises, industrial enterprises, government enterprises, high-technology companies, and telecommunications companies.
1-Year Stock Chart:
Source: Bloomberg
