Pexip Holding ASA (OTCMKTS:PXPHF) Trading 26.5% Higher – Here’s Why

Pexip Holding ASA (OTCMKTS:PXPHF) shares rose 26.5% during trading on Tuesday . The stock traded as high as $7.6550 and last traded at $7.6550. Approximately 300 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 3,525 shares. The stock had previously closed at $6.05.

Pexip Holding ASA Stock Performance

The company has a 50 day moving average price of $6.54 and a two-hundred day moving average price of $6.34.

About Pexip Holding ASA

Pexip Holding ASA is a Norway‐based technology company specializing in secure video conferencing and collaboration solutions for enterprise and public sector customers. The company’s flagship offering, the Pexip Infinity platform, enables organizations to host, manage and record high‐definition video meetings across cloud, hybrid and on‐premises deployments. Pexip’s platform is designed to interoperate seamlessly with popular communication tools and standards, supporting Microsoft Teams, Google Meet, Zoom, Cisco Webex, as well as traditional SIP and H.323 systems.