Business
ASX stock of the day: Over The Wire (ASX: OTW) shares bounce
The Over The Wire Holdings Ltd (ASX: OTW) share price is having an interesting day today. Over The Wire shares are, at the time of writing, up 4.77% to $4.61 a share after closing at $4.40 yesterday afternoon. However, soon after open, the Over The Wire share price rose as high as $4.81, up almost 9% for the day before settling down to the current level.
Today’s move is the latest in what has been a pretty good few months for this company. Over The Wire shares are now up almost 30% since early January, and up almost 54% over the past 12 months.
So who is this company? And why are Over The Wire shares rising so healthily today?
Over the…
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