Dataram Corp (NASDAQ:DRAM)
Dataram Corp (NASDAQ:DRAM) has reported that a Special Meeting of Shareholders will be held on March 30, 2017. The notice of this meeting and prospectus/proxy statement and a shareholders’ letter from CEO and Chairman, Dave Moylan, can be seen on the firm’s website.
Dataram Corp’s (NASDAQ:DRAM) CEO mentioned that it has been a periodical practice for the firm to release an update on the direction and business of the firm. Almost two years earlier, the management re-focused the company to concentrate on its strength – providing customized memory offerings into complex technical environments for their business clients across the globe.
Throughout this period, the clients have continuously reaffirmed that company’s initiatives to provide solutions that offer the lowest cost of ownership in a service-oriented and consistent manner is something they value most. As the company refocused, they embarked on a journey to streamline operations to create the foundation for international growth and afford best strategic flexibility, while increasing shareholder value.
On this journey, the company took several difficult, but required, decisions to ensure it remained relevant and viable. The company reset the business plan, enhanced corporate governance to offer accountability and transparency at all levels, transformed go-to-market initiatives and formulated powerful industry touch points, focused on and enhanced talent management, strategized better financial performance, while considerably minimizing operational costs to offer quantifiable bottom line developments, establish a leaner, flexible workforce, support partnerships, and facilitate M&A initiatives.
Dataram Corp (NASDAQ:DRAM) reported that of all these measures, enhancing financial performance has been most exciting. The business setting for enterprise memory offerings has remained as competitive and volatile as it has been, and company continues to operate in an industry led by technical product standardization, manufacturer and supplier consolidation, and continuous technology developments.
While company’s size is an advantage, providing management an entrepreneurial nimbleness to resolve challenges the leading players may not possess, they remain guarded in that while they can quickly implement changes, they don’t possess the deep pockets many of which much big peers have. They are also liable to extreme price fluctuations in raw materials, which moved from considerable decreases in 2015 to sharp jumps in 2016.
On Tuesday, the stock price of Dataram Corp (NASDAQ:DRAM) jumped more than 10% to close the day at $1.26. The gains came at a share volume of 761,180 compared to average share volume of 107,210.
|Last Price a/o 3:21 PM EST||$1.26|
|Market Cap (mlns)||$5.97M|
|Shares Outstanding (mlns)||4.74M|
|Share Float (mlns)||4.16M|
|Short Interest Ratio||0.67|
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: Monica Gray has an undergraduate degree in Accounting and an MBA – earned with Honors. She has six years of experience in the financial markets and has been a securities analyst for the past two years.