Shares of RAYS have closed up for several consecutive days. In fact, RAYS was trading in the 1.80 range just last week and closed at 2.37 on Tuesday.
Volume has also been pickup up, reports The Stockfather. Over 5.2 million shares of RAYS were traded on Tuesday with the average being just over 2.2 million.
Raystream Inc. provides proprietary video video compression technology to businesses and consumers worldwide. Its technology reduces the file size of high definition (HD) videos with no loss in clarity or quality. The company enables HD video over Internet connections through its online video platform.
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