Unique specialty foods company Innovative Food Holdings Inc (OTC: IVFH) has been one of the major gainers in the market this year and it is perhaps time for investors to look into it a bit more closely.
The Innovative stock has rallied by as much as 130% so far this year to emerge as one of the notable gainers. Towards the end of January, the company reported its financial results for the fourth quarter and the numbers were solid. That proved to be another major trigger for the rally in the stock. The company managed to generate record sales through its e-commerce channels during the quarter and especially during the holiday season.
The e-commerce orders for the quarter soared to as high as $10.5 million for the quarter, which reflects a year-on-year rise of as much as 90%. The number of visitors to the Innovative website during the quarter was 1.9 million, which is a considerable rise from the 1 million who visited in the prior-year period.