Yunhong CTI Ltd (NASDAQ:CTIB) is seeing shares of CTIB stock take off on Tuesday despite there being no new news concerning the company.
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Even without new news, Yunhong CTI Ltd stock is undergoing heavy trading today. As of this writing, roughly 44 million shares change hands. That’s a massive spike compared to its daily average volume of just about 353,000 shares.
With the recent jump in trading, investors may have questions about CTIB stock. Luckily, there’s a quick breakdown of the company below.
- The company handles the creation of balloons and other latex products.
- That includes foil balloons, latex balloons, vacuum storage systems, and commercial films.
- It’s based out of Barrington, Ill., and has been operating for more than 37 years after being founded in 1975.
- It also has facilities in Guadalajara, Mexico, Rugby, England and Frankfurt, Germany.
- Yunhong CTI Ltd’s balloon offerings are sold in the U.S. and more than 30 countries.
- It’s vacuum products are sold mostly in the U.S., Canada, and Mexico.
- The company’s current market capitalization is sitting at $11.11 million.
- Yunhong CTI Ltd joined the public market in 1997 when it filed an initial public offering (IPO).
- The company is lead by its president and CEO Jeffrey Hyland.
- He joined the company in 2017.
- Prior to that, he spent roughly 28 years working with consulting firms and helping companies improve profit.
CTIB stock was up 25.4% as of noon Tuesday and is up 165% since the start of the year.
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article.
