logo
Plus   Neg
Share
Email

Stock Alert: Vapotherm Shares Up 29% In After-Hours

Shares of Vapotherm Inc. (VAPO) surged over 29% in after-hours session, extending its 23.40% gain in the regular trading session. The stock has been trading between $6.86 and $24.63 in the past one year, and closed Monday's regular trading at $13.92, up $2.64 or 23.40%. Trading voume rose to 446K versus an average trading volume of 318K shares.

The company announced that it has seen significant increase in demand for Vapotherm Precision Flow systems and single-use disposables as a result of COVID-19. The company has been working to materially increase production capacity in its facility in New Hampshire, while ensuring the safety of employees at all times.

Further, Vapotherm noted that it has also increased the number of production shifts and has identified additional opportunities to further increase manufacturing capacity in an effort to keep up with growing demand.

For comments and feedback contact: editorial@rttnews.com

Business News

RELATED NEWS
Follow RTT