Ault Alliance shares are trading higher after the company reported its subsidiary, Giga-tronics, achieved a quarter-over-quarter increase of 52% in Q3 orders.
Portfolio Pulse from Benzinga Newsdesk
Ault Alliance's subsidiary, Giga-tronics, reported a quarter-over-quarter increase of 52% in Q3 orders, leading to a rise in Ault Alliance's share prices.
October 05, 2023 | 3:11 pm
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Ault Alliance's stock price is trading higher due to a significant increase in Q3 orders by its subsidiary, Giga-tronics.
The 52% quarter-over-quarter increase in Q3 orders for Giga-tronics, a subsidiary of Ault Alliance, indicates strong business performance. This positive news has led to an increase in Ault Alliance's stock price as investors react positively to the strong earnings potential.
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