News Article
Advanced Photonix Will Not Comment on Unusual Market Activity
With a jump in share price of over 23% from 16th to 17th Feb, over 2 million shares were traded.
In view of the unusual market activity in the common stock of Advanced Photonix on February 17, 2011, the NYSE contacted the company in accordance with its usual practice.
The company stated that it was company policy not to comment on unusual market activity. The share price jumped by over 23% from $2.13 on 16 Feb to $2.63 on 17 Feb 2011 when over 2 million shares were traded.
Advanced Photonix is a vertically integrated optoelectronic semiconductor manufacturer of optoelectronic solutions, high-speed optical receivers and terahertz instrumentation to a global OEM customer base. Products include patented indium phosphide (InP) and gallium arsinide (GaAs) based APD, PIN, and FILTRODE photodetectors; high-speed optical receivers; and the T-Ray 4000 THz product platform.
