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Innodata Shares Surge 85%

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Shares of Innodata Inc. (INOD) are surging about 85 percent in Friday morning trading, likely driven by the company's announcement yesterday reporting net income of $14.9 million, or $0.42 a share, compared to $7.8 million, or $0.22 a share, in the prior year.

The company's shares are currently trading at $85.98 on the Nasdaq, up 88.36 percent. The stock opened at $73.44 and has climbed as high as $88.20 so far in today's session. Over the past year, it has traded in a range of $31.90 to $93.85.

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