ProPhase Labs (PRPH) Surges 37% Amid $1.5 million Six Months Sales Increase Year Over Year

Under $3 penny ProPhase Labs (NASDAQ: PRPH) rose from $1.94 to $4.04 this morning after releasing Q2 2020 financial reports. However, a sudden fall to $2.66 increases daily volume to over 11 million shares.

June was a bad month for PRPH in rising significantly to pass $2 line. Due to a lack of effective projects to cheer up investors, PRPH has a flat movement for over one year.

Overvalued by the market ProPhase Labs is still reporting negative earnings despite rising revenue for a half part of 2020. The company ought to embrace the cost-reducing methodologies without job cuts. However, this way may not work during the pandemic that makes investors reluctant to invest in narrow niche companies.

Richard McEntire

Finance and Entertainment Reporter Richard is a bottle of wine - the older the sweeter. He has already found the sweetest hobby in writing entertainment and finance news for Own Snap. Readers get the updated posts regularly from him searching for real-time news.