Stock Update (NASDAQ:TCCO): Here’s Why Technical Communications Corporation Shares Skyrocketed 37% Today
Investors in Technical Communications Corporation (NASDAQ:TCCO) should be smiling from ear to ear today after the company disclosed in an SEC 8-K filing that it has received an order valued at approximately $2,373,000 from Datron World Communications for its military-grade DSP 9000 radio encryption equipment.
Technical Communications shares reacted to the news, skyrocketing nearly 37% in early trading Wednesday.
Technical Communications Corp. engages in designing, developing, manufacturing, marketing and selling of communication devices, systems and services. Its products are sold to governments, military agencies, telecommunications carriers, financial institutions and multinational corporations. The company was founded in 1961 and is headquartered in Concord, MA.