CTI Industries (NASDAQ:CTIB) Shares Up 19.6%

CTI Industries Corp. (NASDAQ:CTIB) shot up 19.6% during trading on Thursday . The company traded as high as $0.70 and last traded at $0.61, 108,000 shares traded hands during mid-day trading. An increase of 981% from the average session volume of 9,994 shares. The stock had previously closed at $0.51.

The stock has a fifty day moving average of $1.67 and a 200 day moving average of $2.54. The company has a quick ratio of 0.37, a current ratio of 1.07 and a debt-to-equity ratio of 0.74.

CTI Industries Company Profile (NASDAQ:CTIB)

CTI Industries Corporation develops, produces, and distributes consumer and film products for commercial and industrial uses in the United States, the United Kingdom, Europe, and Mexico. The company offers novelty products, including foil balloons; latex balloons under the Partyloons name; balloon products, which include punch balls, water bombs, and Animal Twisties; and other inflatable toy items.

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