Shares of Dataram, Inc. (Nasdaq: DRAM) increased nearly 28 percent in trading Tuesday, touching on a high of $5.49. Volume topped 3.3 million shares, compared to the 50-day average daily volume of 183,000, according to the Nasdaq.
The stock appears to be moving on technicals, in the absence of any company-specific news; volume and momentum have continually increased. Since the beginning of August, shares of Dataram are up 260%.
Dataram, a worldwide leader in the manufacture of high-quality computer memory, storage products and software, attributes the steady climb in stock prices to increasing interest in solid-state storage products.
Solid-state storage is quickly becoming an attractive alternative to traditional hard disk drive in many IT infrastructures. Leveraging the benefits of solid-state storage in a dedicated appliance is a smart move for businesses, enabling companies to improve application performance, leverage existing IT investments and cut costs.
Dataram’s Chief Technologist Jason Caulkins stated, “In a world of increasing data, higher-volume transactions and tighter budgets, IT departments should definitely evaluate solid-state solutions that maximize performance while minimizing cost. Solid-state storage appliances offer customers significant benefits due to their ability to seamlessly integrate into existing SANs, dynamically cache I/O-intensive data, dramatically accelerate application performance and provide an immediate return on investment.”
The New Jersey-based Dataram was founded in 1967 and specializes in high-quality computer memory, IT infrastructure optimization, maximum application performance and substantial cost savings. Dataram solutions are deployed in 70 Fortune 100 companies and in mission-critical government and defense applications around the world.