Q: Bew recently came alive and shot up to a 1 yr. high of .395 and closed at.38 on 3/28. Any news &/or reasons? Bought it a few years ago at .50 Please comment & advise.Txs for u usual great services & views
5i Research Answer:
Even after a 95% one-year gain, BEW market cap is still only $34M. There has been no company news of any merit since November. In mid-March the company posted a new case study of a customer on its website. Volume in the recent rally has not been notable. Sales are growing, and unlike most microcaps it is profitable, with positive cash flow, but not material amounts. The internet of things sector is getting a bit more attention these days. Insiders own 32% which is good but can also make trading more volatile. The last quarter was good, with a 16% gain in sales and gross profit up 25%. It should report the full year in the next three weeks. We do not have much to add here. It is a decent, but risky, company showing some growth.