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Some stocks that recently graduated |
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from the OTCBB to the NASDAQ. |
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Released on Tuesday, October 25, 2011, 9:30 AM ET
Pittsburgh, PA (SpeculatingStocks) - Graduated Stocks is a new article piece out of SpeculatingStocks. It summarizes the story behind stocks that have recently graduated from the OTCBB to a higher exchange such as the NASDAQ. These stocks have succeeded in using the OTCBB exchange as a stepping stone, moving onto greener pastures and greater acceptance.
EGAN (eGain Communications Corp.) – EGAN started trading on the NASDAQ on Oct. 12th. The company provides cloud and on-premise customer interaction hub software. Companies competing in the “cloud” are receiving a lot of attention these days. The cloud space is still shaping up especially how the cloud should be accessed and the interface for it. There are consumer and business centric interfaces and the winner is yet to be decided and most likely won’t be decided for years. EGAN has been in quite the uptrend, moving from under $3.00 in July to over $7.50 now and reaching new 52-week high levels.
FMNB (Farmers National Banc Corp.) – FMNB is a sparsely traded stock that trades in a sporadic pattern. Under $4.25 appears to be its support level and just under $5.00 appears to be its resistance level. FMNB isn’t the most interesting stock, but last year the company reported revenue of $61.57 million and net income of $8.99 million. FMNB is trading at a market cap of around $78 million.
LCNB (LCNB Corp.) – LCNB is another sparsely traded stock that recently graduated from the OTCBB, but it does trade in a range between $12.25 and $13.50 and sometimes upwards of above $14.00. LCNB is the 10th largest bank in the Greater Cincinnati area with $636 million in local deposits. The company recently reported a third-quarter profit of $1.9 million. LCNB is trading at a market cap of around $83 million and reported revenue of $42.9 million last year and net income of $9.37 million.
Stay up to date on newly graduated stocks through the “Uplisted Stocks” section on the SpeculatingStocks Stock Buzz page.
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