Modsys International Ltd (MDSY): Pacific Advisors, Llc Columbia , 10% owner of Modsys International Ltd purchased 64,184 shares on May 24, 2016. The Insider buying transaction was reported by the company on May 27, 2016 to the Securities and Exchange Commission. The shares were purchased at $1.40 per share for a total value of $81,220.92 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, Pacific Advisors, Llc Columbia (10% owner) purchased 2,291 shares at $2.21 per share price.
Modsys International Ltd: On Wednesday, May 25, 2016 heightened volatility was witnessed in Modsys International Ltd which led to swings in the share price. The shares opened for trading at $1.66 and hit $1.6699 on the upside , eventually ending the session at $1.6699, with a gain of 12.83% or 0.1899 points. The heightened volatility saw the trading volume jump to 6,460 shares. The 52-week high of the share price is $2.438 and the company has a market cap of $31 M . The 52-week low of the share price is at $1.15.
ModSys International Ltd. formerly BluePhoenix Solutions Ltd. develops and markets enterprise legacy migration solutions and provides tools and professional services to international markets. The Company’s technologies and services allow business to migrate from their legacy mainframe and distributed information technology (IT) infrastructures to modern environments and programming languages. The Company performs conversions of legacy mainframe applications written in Common Business Oriented Language (COBOL) CA GEN Natural and Programming Language 1 (PL/1) to Java and C# code. It performs conversions of legacy databases such as Integrated Database Management System (IDMS) Adaptable Data Base System (ADABAS) Virtual Storage Access Method (VSAM) IP Multimedia Subsystem (IMS) ICL to Structured Query Language (SQL) Server Oracle and DB2 environments. It sells Replatforming software that allows companies to modernize their databases from ADABAS to Oracle SQL Server or DB2.