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Micro-Cap on the Move; KMA Global Solutions International Inc. (KMAG)

By Warren Paige

KMA Global Solutions International Inc. (PINK: KMAG), a manufacturer and supplier of electronic article surveillance source tagging solutions for the apparel, multimedia, sporting goods, food, pharmaceutical and general merchandise industries globally, has seen a sharp rise in its shares in early trading today.

At last check, KMAG shares were trading 9.68% higher at $0.0034 on volume of 3.31 million.

KMA Global Solutions recently reported its first-quarter financial results. The company posted a 611% increase in first-quarter revenue. Its net income for the quarter was $50,788, compared with a loss of $4,641 reported in the first quarter of 2011.

Jeffrey Reid, CEO of KMA Global Solutions, said that with a successful start to the year and a strong order book for the second quarter, KMAG is on schedule to re-emerge as a leader in the marketplace.

 

June 14th, 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.