Accentia Technologies Climb On Two US Acquisitions

Accentia Technologies went up 2.87% to Rs 114.75 in afternoon trading after signing accords to get hold of US-based G. S. R. Physicians Billing Service Inc. and GSR Systems Inc.

The company made the declaration in trading hours today, 2 July 2007.

The scrip had touched a high of Rs 116.50 and a low of Rs 110.90 so far during the day. Today, there were 23,817 shares for trading.

In the past one quarter, the average daily volume of stock stood at 51,831 shares.

In the one month, the Accentia Technologies scrip benefited 3.82% to 29 June 2007 against the Sensex’s 0.73% return. In the past three months, it appended 70.44% against the Sensex’s 12.07% increase.

On 27 June 2007, the stock had hit 52-week high of Rs 121.35 and 52-week low of Rs 38.15 on 25 July 2006.

The company said the attainment of G. S. R. Physicians Billing Service Inc and GSR Systems Inc would add up $2.5 million to its earnings in 2007.

G. S. R. Physicians Billing Service Inc is a medical billing services corporation working since 1996. Its clients are all doctors, 90% of whom are chiropractors. Accentia is a software developer and operates business process outsourcing facilities.




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