Shares of Ocean Bio-Chem Inc (NASDAQ: OBCI), engaged in manufacturing, marketing and distributing a line of appearance, performance, and maintenance products for the marine, automotive and outdoor power equipment markets, registered over a 14.6% gain during each of the past two consecutive trading sessions with significant number of shares exchanging hands. OBCI was among the top performers of U.S. consumer goods & services sector after climbing 14.6% and closed at its 52-week high of $5.10 Thursday, while recording significant trading volumes of 898,977 shares. Recently, the company announced the acquisition of the membership interest in OdorStar Technology, LLC (OdorStar). OdorStar owns patents that are related to a device for producing chlorine dioxide. During the past 5-trading sessions, OBCI gained 38.0% with daily average trading volumes of 231,989 shares, while the stock accumulated over 60.4% during the past one month with daily average trading volumes of 74,032 shares. The stock is up 108.1% year-to-date.
Company Description:
Ocean Bio-Chem, Inc. (NASDAQ: OBCI) manufactures, markets, and distributes a broad line of appearance and maintenance products for boats, recreational vehicles, and aircraft under the Star brite name. The company’s products include polishes, cleaners, protectants, waxes, silicone sealants, degreasers, and anti-freeze coolants, among others.
1-Year Stock Chart:
Source: Bloomberg
