Mobile technology company Borqs Technologies Inc (NASDAQ: BRQS) came into sharp focus among investors on Thursday and recorded significant gains on the back of high trading volumes.
More importantly, there was no news that could have resulted in the stock rallying by as big as 72% yesterday. On the other hand, the stock recorded trading volumes of as huge as 106 million, which is comfortably higher than its average daily trading volume of only 7.3 million.
In such a situation, it is possibly the best course of action for investors to take a closer look at the company and its business. Borqs is primarily involved in the Android smartphone space and is best known for selling cloud computing as well as wireless devices and blockchain services. It is also involved in the Internet of Things (IoT) sector. At this point in time, the company has set up operations in three of the more lucrative markets in China, the United States, and India.
CEO and Editor in Chief.
Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life