From Volume Spike Investor
Shares of RITA Medical Systems(RITA) rose almost 3% on Friday as volume spiked 140% above the 3-month daily average.
There were no significant news releases or other significant events that could be detected.
The company carries more debt ($9 million) than it holds in cash ($6 million).
Sales have been increasing substantially over the last three years, but net loss has not improved.
Shares of RITA Medical closed at $4, almost 14% away from the 52-week high of $4.65
RITA Medical Systems has made VSI’s Watch List.
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