Command Security Corporation (NYSEMKT:MOC)
Command Security Corporation (NYSEMKT:MOC) volumes are exploding over the announcement that the company has secured an $80 million, three-year contract to provide security services to a large online retailer. The contract will begin in June of 2017 and involve 60 locations spread out over the Northeast and Midwest United States. The thinly traded nan-cap security firm has a 30-day average daily volume of just 14,850 but ten minutes after the opening bell over 400,000 shares have traded hands. MOC shares closed yesterday at $2.52 and opened today at $3.00.
The Relative Strength figure for Command Security Corporation (NYSEMKT:MOC) is currently around 80. Many traders believe this level represents an “over-bought” situation. MOC’s 52-week low is $2.52 and its 52-week high is $5.73. The stock is currently trading over its 20, 50, and 200-day simple moving averages. MOC has a high percentage of inside ownership – 47.89%. Institutions own just 12.2% and have recently been selling their holdings. The consensus target price for MOC shares is $2.15.
Command Security Corporation (NYSEMKT:MOC) provides uniformed security officers as well as aviation security services to a broad range of industries as well as government entities. The company aims to protect their clients against theft, fire, fraud, intrusion, vandalism and any other threats that may be faced.
Command Security Corporation (NYSEMKT:MOC) is led by CEO Craig Coy. Prior to joining the Company, Mr. Coy served as President and Chief Operating Officer of L-3′s Homeland Security Group. Prior to joining L-3, Mr. Coy served as the chief executive officer of the Massachusetts Port Authority (Massport), where he oversaw Logan International Airport, the Port of Boston, the Tobin Bridge, and Hanscom Field in Bedford.
At 10:12 AM EST, shares of Command Security Corporation (NYSEMKT:MOC) are trading at $2.86 after hitting a high of $3.09.
I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 96 hours. All information, or data, is provided with no guarantees of accuracy.
About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.