Shares of SU Group Holdings Limited (SUGP) nearly doubled on Tuesday morning after the company announced a distributorship agreement with Germany-based GEZE.
The stock is currently trading at $1.7345, up $0.8540 or 96.77%, on the Nasdaq. It opened at $2.3900 after closing the previous session at $0.8805. The stock has traded between $0.6600 and $18.4000 over the past 52 weeks.
Under the agreement, SU Group will distribute GEZE's portfolio of door, window, and safety technologies, including automatic door systems, access control applications, smoke and heat extraction systems, building automation solutions, and other smart building technologies.
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