OM Holdings International Inc (OTCMKTS:OMHI) Stock Gains Momentum: Up 48% In a Week

Investors who are looking into stocks which may have recorded significant gains over the course of the past week could consider taking a closer look at the OM Holdings International Inc

Market Action

On Monday, OMHI stock ended flat at $0.8875 with 27 shares traded, compared to its average volume of 2.8K shares. The stock has moved within a range of $0.8875 – 0.8875 after opening trade at $0.58.

Earnings Recap

The stock has been in the middle of a rollicking run in the past week and managed to clock gains of as much as 48% amidst heavy action. As it happens, the company was in the news on Monday as well after it announced its financial results for the fiscal year that had ended on August 31, 2021. It may be a good time for investors to take a closer look at some of the highlights from the financial results.

The net income generated by OM Holdings International came in at $1,710,179 and that reflected a year on year rise of as much as 10%. However, it should be noted that the earnings per share remained the same as last year at $0.04.

The total revenues generated in the quarter stood at $28,898,969 in the fiscal year and that reflected an improvement on the previous fiscal year’s performance by 2.5%. At this point, it could be a good idea for investors to add the OM Holdings International to their watch lists.

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