Anyone who is currently looking into stocks which may have recorded significant gains on Tuesday might have noticed that the Applied UV Inc (NASDAQ:AUVI) stock had clocked gains of as much as 25%. It is likely that the stock is going to come into focus today and hence, it may be a good move to take a look at the development from yesterday that led to the gains.
Trading Data
On Tuesday, AUVI stock soared 20% to $1.30 with more than 74.33 million shares, compared to its average volume of 1.38 million shares. The stock moved within a range of $1.2200 – 1.5300 after opening trading at $1.24.
Applied UV Announces Inclusion in a Multi-Million Dollar Contract Offering Throughout Non-Public Schools in The State of Washington
The announcement made by the pathogen elimination technology firm yesterday was with regards to Sterilumen, its fully owned subsidiary unit. It was announced that Sterilumen had got notification with regards to the fact that DA International, its United States dealer had been made a part of a contract worth millions of dollars.
In this context, it may be a good move to take a look at the actual contract. As per the provisions of the contract, the Airocide air pruficiation system from Sterilumen and a range of other disinfectant related supplies are going to be provided to non-public schools. The schools with which the company is going to deal with are located in the State of Washington. It remains to be seen if the Applied UV stock can add to its gains today.
Key Quote
John F. Andrews, Applied UV’s CEO and Director, stated, “We are extremely proud that our Airocide™ air purification suite is one of the products being selected for the offering to the non-public school system throughout the State of Washington. This contract award further demonstrates the strong global brand recognition and the growing end user business case our suite of Airocide™ product offerings commands. We all know the impact that school closures have had on students of all ages.”
Technical Data
AUVI stock is trading below the 50-Day and 200-Day Moving averages of $1.36 and $3.81 respectively. However, the stock is trading above the 20-Day moving average of $1.14.
