Watch Alert: IVAX Diagnostics Jumps On Higher Volume and No News!

Shares of IVAX Diagnostics (IVD) jumped more than 16% on Friday as volume spiked 355% above the 3-month daily average.

There were no significant news releases or other significant events that could be detected.

IVAX Diagnostics engages in the development, manufacture, and marketing of diagnostic test kits, or assays, and automated systems for the detection of disease markers primarily in the areas of autoimmune and infectious diseases in the United States and Italy.

The company holds almost $10 million in cash and no debt as last reported by Yahoo!Finance.

Sales have been increasing over the last three years but very slowly. Net earnings have yet to find a positive trend.

The company released its third quarter earnings report on November 20, with net loss increasing from $1.1 million to $1.26 million.

Shares of RITA Medical closed at $1.61 on Friday up 16.66%, and gained another $0.06 in after-hours trading. The stock has ranged between $1.20 to $4.26 over the last 52-weeks.

IVAX Diagnostics has made BHI's Watch List.

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