Sun Hydraulics stock pops


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  • | 4:31 p.m. May 12, 2011
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  • Manatee-Sarasota
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SARASOTA — Shares of Sun Hydraulics Corp.'s stock (symbol: SNHY) were riding high Tuesday, after the release of the firm's quarterly financial results showed huge gains in revenues and profits.

But unfortunately for shareholders, the Sarasota-based manufacturer was unable to maintain those gains: after lifting off from $47 to as high as $54 in per share value on May 10, the stock is back down to a $47 per-share value in early trading today.

Still, shareholders can't be too disappointed with Sun's performance so far this year; even after the stock's drop over the past two days, shares are up more than 24% in value from the beginning of 2011.

 

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