Top Penny Stock in Today’s Trading; RiT Technologies Ltd. (RITT)

RiT Technologies Ltd. (NASDAQ: RITT) shares are seeing a huge rally in today's trading. Shares were up 181.61% to $4.90, at last check, on above average volume of 2.83 million. The stock touched an intra-day high of $5.70, which is also its 52-week high. The stock has traded in range of $1.10-$5.70 in the last 52 weeks. The stock is up 275.94% in the last three trading sessions. Last month, the company announced the introduction of a new product for the datacenter environment: the SMART LC-MPO Cassette Panel. The high-density fiber optic patch panel is separated by its ability to be configured with PatchVie, RiT's advanced real-time intelligent infrastructure management solution. Also last month, the company entered into a private share purchase agreement with STINS COMAN. Under the agreement, STINS COMAN converted an outstanding loan of $1.5 million into 687,128 shares of RiT common stock for an average price of $2.214 per share. STINS COMAN is also the company's principal shareholder. RiT is a provider of intelligent solutions for infrastructure management, asset management, environment and security and network utilization. The company is based in Tel Aviv, Israel. Disclaimer: The assembled information distributed by epicstockpicks.com is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Epicstockpicks.com does expect that investors will buy and sell securities based on information assembled and presented herein. EpicStockPicks.com will not be responsible in any way for or accept any liability for any losses arising from an investor's reliance on or use of information obtained from our website or emails. PLEASE always do your own due diligence, and consult your financial advisor.
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