Tonbo Imaging shares jump 14% after quarterly profit
Shares surged as much as 14% after Tonbo Imaging reported a net profit for the September quarter, versus a loss in the same quarter last year. The stock doubled from its IPO price in 10 trading sessions.
Shares of Tonbo Imaging Ltd. surged as much as 14% on Thursday, November 5, in response to the September quarter results, which saw the company deliver a net profit compared to a loss during the same quarter last year. With this move, the stock has also doubled from its issue price within 10 tradin…