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Micro-Cap in Focus; IDO Security Inc. (IDOI)

By Warren Paige

Shares of IDO Security Inc. (OTC: IDOI),  designer, developer and marketer of shoe scanning devices (SSD) for the homeland security and loss prevention markets in the U.S. and internationally, are up sharply in trading today.

At last check, IDOI shares were trading 3.17% higher at $0.423 on above average volume of 1.48 million. The stock gained more than 28% in the last three trading sessions.

IDOI on Wednesday announced that it installed the MagShoe™ shoe scanning device at the Penitenciarul Poarta Alba Prison in Bucharest, Romania.

Yaniv Beran, IDO Security’s General Manager, said that IDOI is pleased that following its demonstration of the MagShoe’s unique capabilities to this key international target group, the company was able to immediately begin a pilot program featuring the MagShoe’s abilities to increase the safety of prison personnel while closing the security gap in conducting inspections of inmates for metal objects.

 

August 2nd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.