Australian markets are riding high since last week with S&P/ASX200 jumping 29.5 points up today, closing the days’ trading session at A$5879.6. Below are three major stocks which skyrocketed today:
Quantum Health Group Limited (ASX: QTM)
The small-cap healthcare manufacturer, Quantum Health Group Limited recorded 25% gains in today’s trading session, opening at A$0.021 and finally settling at A$0.025. Although the stock provides a negative return of 20% over the last three months, it has offered an impressive 17.65% gain to investors this year to date.
Quantum Health declared a Net Profit of around$3.13 million, as compared to a Net Loss of $1.71 million in the previous year. EBITDA stood at $7.18 million for FY18 as compared to $1.04 million in FY17. Net Assets income grew to $30.54 million in FY18. Earnings per share stood at 0.30 cents for the financial year as compared to Loss per share of 0.17 cents in the previous year. The healthcare group was involved in supplying high-grade medical drugs in the field of radiology, nuclear medicine, oncology and women’s health across Australia and Asia. It also produced efficient heating and cooling systems for residential as well as commercial clients.
Visioneering Technologies Inc. (ASX: VTI)
The shares of the healthcare company, Visioneering Technologies Inc soared by 24.14% today, closing the day’s trading session at 18 cents as compared to the previous close of 14.5 cents. The company is currently trading with Earnings per share of 9.1 cents. The VTI stock offers a negative return of around 73% since a year; however, the share price has soared by 3.57% over last one month.
Visioneering Technologies is involved in developing eye care technologies for issues such as presbyopia, myopia, and astigmatism. Its product line includes NaturalVue® Multifocal Contact Lens and NaturalVue® Sphere Lens. The company reported the first million-dollar revenue figures for the September quarter of 2018. Net Revenue of $1063K million was declared as compared to $607K million in June quarter, driven by first sales outside the US in Australia, new product launches, increased awareness of VTI brand. The company also entered new distribution agreements in Australia, New Zealand, Denmark, Sweden, and many other countries. The company underwent a $6.3 million private placement and repurchase plan. The operating cash outflow reduced by 35% from $5.1 million in Q218 to $3.3 million in Q318.
Spicers Limited (ASX: SRS)
UK’s leading office supply company, Spicers Limited noted an impressive gain of 26.42% today, closing the day’s trade at a share price of 6.7 cents with a market capitalization of A$109.2 million. With a negative performance change of 92.07% since its inception, SRS stock has soared by 39.47% over the last six months.
Spicers recorded sales revenue of $384 million for FY18 driven by growth across all product categories particularly Print & Packaging and Sign&Display. A 63.1% jump in EBITDA to $8 million was noteworthy driven by a combination of strong trading and operating cost reductions. The Earnings cash conversion ratio stood at 192% for FY18. The New Zealand business gained from the acquisition of Sign Technology Limited and Australian business gained from the strong market presence with renowned global brands. The company aims to continue market engagement strategies, growth in architectural products via strong collaborations such as recently acquired Australian 3M Window Films Agency.
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