Kingtone Wirelessinfo Solution Holding Ltd (KONE) has risen sharply, recording gains of 386.41% in the past 4 weeks. However, the stock has corrected -16.47% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 370.6% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 123.62% and the 50-Day Moving Average is 177.31%. Kingtone Wirelessinfo Solution Holding Ltd. is up 253.53% in the last 3-month period. Year-to-Date the stock performance stands at 152.07%.
Kingtone Wirelessinfo Solution Holding Ltd (NASDAQ:KONE): stock turned positive on Friday. Though the stock opened at $8.55, the bulls momentum made the stock top out at $9.43 level for the day. The stock recorded a low of $8.25 and closed the trading day at $8.52, in the green by 5.19%. The total traded volume for the day was 1,008,315. The stock had closed at $8.1 in the previous days trading.
Kingtone Wirelessinfo Solution Holding Ltd is a China-based holding company which conducts its operations through Xian Kingtone Information Technology Co., Ltd. The Company is a developer and provider of mobile enterprise solutions. Mobile enterprise solutions allow company personnel whose work function requires mobility to be connected with enterprise information technology (IT), including Enterprise Asset Management (EAM), Enterprise Resource Planning (ERP), Supply Chain Management (SCM), and Customer Relationship Management (CRM).The Companys software enables such systems to get extended to personnel in the field using wireless devices, such as smart phones, PDAs, cameras, barcode scanners, portable printers, GPS devices, and tablet computers. Mobile enterprise solutions also include custom software applications for specific industries and businesses. The Companys mobile enterprise solutions are built on its core middleware platform consisting of standardized modules.