NEW YORK (TheStreet) -- Dataram Corp. (DRAM) stock is jumping by 26.63% to $2.52 on heavy volume in mid-morning trading on Thursday, after the memory products developer, manufacturer and marketer issued a statement saying it has begun to deliver improved sales performance.
The company attributes its improvement in sales activity to its "aggressive transformation to improve its market position and return the company to profitability."
So far today, 1.61 million shares of Dataram have exchanged hands as compared to its average daily volume of 8,000 shares.
As part of its transformation the company said it has reset its business strategy, added new talent, realigned its global sales team, deployed a new CRM solution and developed and communicated a new value proposition to its business partners and customers.
"Our efforts are beginning to deliver quantifiable results as demonstrated through recent wins and growing pipeline," Dataram CEO Dave Moylan said in a statement.
Separately, TheStreet Ratings team rates DATARAM CORP as a Sell with a ratings score of D-. TheStreet Ratings Team has this to say about their recommendation:
"We rate DATARAM CORP (DRAM) a SELL. This is driven by some concerns, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally high debt management risk, poor profit margins, weak operating cash flow and generally disappointing historical performance in the stock itself."