Investors are almost always on the hunt for penny stocks due to the possibility of generating considerable returns.
In recent days, SeaChange International Inc (NASDAQ: SEAC) has come into focus among penny stock hunters in a big way and recorded notable gains as well. Over the course of the past two weeks, the stock has managed to soar by as high as 40%. In this situation, it could be worthwhile for investors to know a bit more about the company.
The company is involved in the video delivery solutions space and at this point, it provides its services to video delivery platforms operating all over the world. On the other hand, it is also necessary to note that back in March SeaChange had also inked a significant contract worth many millions with a well-known broadband service provider in the United States. Hence, if you are currently on the hunt for penny stocks you could consider keeping the SeaChange stock on your watch list.
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Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.