Today we feature eOn Communications Corp (NASDAQ: EONC), a communications equipments manufacturer, as the top momentum gainer since the stock jumped more than 15% during the last two consecutive trading days with far more shares changing hands than in a normal session. During the last trading session, EONC was the top gainer in the U.S technology space having gained 44.8% breaking the long term 200-DMA at $2.78. The stock closed at $3.49 while recording significant volumes of 1.15 million shares. During the past 5-trading sessions, EONC rallied 28.8% with daily average trading volumes of 315,108 shares compared with one-month daily average trading volumes of 116,322 shares. However, the stock has declined over 14% during the past month, while it has accumulated over 43% during this year so far.
Company Description:
eOn Communications Corp (NASDAQ: EONC), designs, develops, and markets next-generation Linux communications servers and software. The company’s products integrate and manage voice, e-mail, and Internet communications for customer contact centers and other applications. eOn also offers a traditional switching platform for small and medium-sized installations.
1-Year Stock Chart:
Source: Bloomberg
