Singing Machine shares are trading higher after the company announced it completed the acquisition of SemiCab and reported that the subsidiary has in excess of $9 million in contracted services.
Portfolio Pulse from Benzinga Newsdesk
Singing Machine shares are trading higher following the completion of its acquisition of SemiCab, which has over $9 million in contracted services.
July 16, 2024 | 11:54 am
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Singing Machine (MICS) shares are trading higher after the company completed the acquisition of SemiCab, which has over $9 million in contracted services.
The acquisition of SemiCab, which brings in over $9 million in contracted services, is a significant boost for Singing Machine. This positive development is likely to drive investor confidence and push the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100