Shares of Vicon Industries Inc (NYSE: VII), a security camera maker, experienced a strong rally of over 102% in the past 2-trading sessions with strong momentum on surge in interest for security cameras after the protest in Ferguson, Missouri enforced the county and local police to wear cameras on the job. The shares of other wearable cameras makers like Digital Ally Inc (NASDAQ: DGLY) also rallied Tuesday. VII gained more than 36% during each of the past two consecutive trading sessions with massive number of shares exchanging hands. During the last trading session, VII was the top performer in the U.S. industrial sector after skyrocketing 48.2% and ended at its 52-week high of $4.52 while recording significant volumes of 4.9 million shares. During the past 5-trading sessions, VII powered 113% while recording daily average trading volumes of 1.1 million shares, while the stock accumulated over 95% in the last one month with daily average trading volume of 183,905 shares. The stock is up 46% year-to-date.
Company Description:
Vicon Industries Inc (NYSE: VII) designs, manufactures, assembles, and markets a wide range of closed-circuit television systems and system components. The company’s products are used for security, surveillance, safety, and control applications by a broad group of end users worldwide.
1-Year Stock Chart:
Source: Bloomberg
