Shares of Versar Inc. (NYSE: VSR), engaged in providing solutions for environmental, engineering and construction services to government and commercial clients, registered over a 16.7% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. VSR was the top performer in U.S consumer goods and services sector after climbing 16.7% and closed at $4.20 Tuesday, while recording significant trading volumes of 9.8 million shares. VSR breached its key technical resistance level of 200-Day DMA at $3.71. The stock rose with World Health Organization (WHO) expressing concerns towards the spread of Ebola virus, which would lead to surge in demand for company’s protective gears. During the past 5-trading sessions, VSR gained 41.4% with daily average trading volumes of 2.5 million shares, while the stock accumulated over 32.5% during the past one month with daily average trading volumes of 429,480 shares.
Company Description:
Versar, Inc. (NYSE: VSR), an international professional services company, identifies customers needs to develop and implement solutions. The company focuses on environmental, health, and safety services, energy conservation services, and industrial and public infrastructure services. Versar’s GEOMET Technologies, Inc. subsidiary develops, tests, and provides personal protection equipment.
1-Year Stock Chart:
Source: Bloomberg
