Lytus Technologies ( NASDAQ: LYT ) stock gained for the second straight session after plunging last week to an all-time low.
Shares of the streaming and telemedicine services company opened at $5.69 on Tuesday. The stock recently changed hands at $5.92, up 16%, at approximately 11:40 a.m. ET.
The stock has been trading wildly since the company went public on June 15, reaching a 52-week high of $47.06 on June 27 only to dive to a 52-week low of $4.06 on June 30.
Lytus ( LYT ) offered 2.6M shares for $4.75 per share for its initial public offering, raising $12M.
Incorporated in the British Virgin Islands, Lytus serves as a holding company for India-based Lytus Technologies Private Ltd., India-based CCD CATV Network Private Ltd., and US-based Global Health Services Inc., or GHSI. The company provides streaming, cable and telemedicine services in India and telemedicine services in the US through its GHSI unit.
For a more in-depth look at Lytus ( LYT ), check out SA contributor Donovan Jones's "Lytus Technologies Pursues $30 Million US IPO".
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Lytus stock gains for second straight session after hitting all-time low last week