The Eco-Tek Group Inc (OTCMKTS:ETEK) has been one of the biggest movers in the market over the past days and it ended the previous week strongly with gains of 45% on Friday.
That gains made on Friday took the total gains made by the Eco-Tek stock in the previous week to a staggering 320%. Such gains are likely to bring the stock into focus this week but at the same time, investors need to note that there has been no material news about the company at all that could have moved the stock such a degree.
In this situation, it is possibly the best course of action to take a look at the company’s business a bit more closely. The company is involved in the manufacturing as well as distribution and manufacturing of filtration systems, synthetic lubricants and other items in North America. The products are sold and marketed under the Eco-Tek brand.
The company primarily operates through distributors and independent sales representatives but at the same time it uses oil change outfits and auto centers for distributing its products as well. The company had been established back in 2005 and is based out of Woodbridge in Canada.
