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ChromaDex Corp. (CDXC) Stock rises in Thursday’s Mid-day Session

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ChromaDex Corp. (OTC: CDXC) is trading in the range of $0.83 and $0.93 during Thursday’s trading session. The stock opened at $0.85 and is currently at $0.924, up 10 percent from its previous close of $0.84. CDXC recorded the volume of 1.059 million shares. Its average daily trading volume stands at 338K shares. The company stock has traded in the range of $0.44 and $1.22 during its past 52 weeks. CDXC has market capitalization of $85.59 million and it reported its latest Earnings per Share at -$0.17. The company has 92.64 million shares outstanding and 3 percent of its share capital is owned by institutional investors. The company stock is trading above both the short term 20-days moving price of $0.91 and long term 50 days moving average price of $0.88. CDXC stock has beta of -17.11.

CDXC held its annual general meeting for its shareholders on August 28. The company appointed nine directors during the meeting. It also ratified the appointment of McGladrey as its independent registered public accounting firm.

CDXC ended its last quarter with $2.671 million in revenue. The company’s gross profit for the quarter ended on June 30, 2012 stood at $765,000. CDXC suffered net loss of $3.994 million for that time period. The company reported its current assets as on June 29, 2012 at $8.978 million whereas its current liabilities stood at $4.254 million. The company’s total liabilities were reported at $4.592 million.

CDXC is in the business of supplying ingredients, phytochemical products and phytochemical reference standards. The company also offers allied services. CDXC serves many industries including cosmetic, food and beverage, dietary supplements and pharma. The company products are used for research purpose and for new product development. CDXC also deals in contract services and provides services ranging from routine analysis to production of supplements. The company also provides consultancy services in various areas such as risk management, production and regulatory affairs. CDXC is active in various countries including the US and Canada. It has distributional channels to market its products in Asia, Australia and Europe. The company is based out of Irvine in California.

Posted by on Thursday, September 13th, 2012. Filed under Internet, Stocks. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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