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Micronet Surges to Two-Month High on Follow-On U.S. Order

Nov. 7 (Bloomberg) -- Micronet Ltd. surged to the highest level in more than two months after the Israeli maker of mobile-data collection products said it won a follow-on order from a U.S. customer.

Micronet shares jumped 20 percent to 1.557 shekels at the 5 p.m. close in Tel Aviv, the highest since Aug. 21. The stock has surged 34 percent this month, giving the Azur, Israel-based company a market value of 26.2 million shekels ($7.1 million).

To contact the reporter on this story: Gwen Ackerman in Jerusalem at

To contact the editor responsible for this story: Andrew J. Barden at

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