NEW YORK (TheStreet) -- InfoSonics (IFON) rose 7.94% to $2.72, up 20 cents from its previous close of $2.52, at the close of the trading day on Tuesday after the company introduced its newest verykool® tablet.
InfoSonics announced the release of the verykool® T742 tablet, also known as the KolorPad, at a price of $149. The tablet has both Wi-Fi and 3G capabilities and runs on 1.3 GHz dual processor. It also contains the Android 4.2 operating system, a seven-inch LCD touchscreen, up to 32 GB of external storage, USB tethering and Bluetooth 4.0.
The stock hit a high of $2.75 and a low of $2.30 on Tuesday; it had a volume of 1,263,606, nearly three times its average of 435,011. The stock has a one-year high of $3.08 and a one-year low of 38 cents.
TheStreet Ratings team rates INFOSONICS CORP as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate INFOSONICS CORP (IFON) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, poor profit margins and weak operating cash flow."