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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100