Strong quarter results drives EONC bullish
May 5, 2011
eOn Communications Corporation (NASDAQ:EONC) continues is bullish trend as it is currently trading at 2.09 USD which is 0.63 USD or 44.06 % more than its previous close. The share is highly overvalued as it has an RSI of 83.63.
The company has reported a very strong financial performance as its Gross profit has increased to $1,673,000 which is approximately 37 % higher than $1,217,000 a year ago and its interest expenses were $136,000 as compared to $297,000 for the same period of the previous year. It has fairy high price earning ratio of 34.27 as compared to industrial standard of 16.06 and sector standard of 18.99.