Why the Nanosonics (ASX:NAN) share price is charging higher

The Nanosonics Ltd (ASX: NAN) share price has been a strong performer on Tuesday.

In afternoon trade the infection prevention company’s shares are up 3.5% to $6.71.

Why is the Nanosonics share price charging higher?

Investors have been buying the company’s shares today following the release of its annual general meeting update.

At the event, the company’s chairman and chief executive officer both spoke positively about the future.

Nanosonics Chairman, Maurie Stang, commented: “As we progress into FY21, notwithstanding our customers facing challenges in various markets, we are now seeing some very encouraging indicators that underscore our belief in the fundamentals of this business.”

This sentiment was echoed by CEO,…