Fingerprint Cards AB has been linked in recent years with a faked press release that inflated its stock and alleged insider trading by its former CEO, and is followed by just one analyst who doesn’t recommend buying the shares. It’s also Europe’s best performing stock in 2015.
The Swedish maker of biometric technology has soared 1,391 percent in 2015 through Monday, the biggest gainer among the some 1,000 companies on the Bloomberg World EMEA Index. With a market value swelling to 32.8 billion kronor ($5.5 billion), the stock will be included in the OMX Stockholm 30 Index next year. Fingerprint’s shares are volatile, about four times more than the Stoxx Europe 600 Index, according to price swings over the past month.
The Gothenburg-based company has benefited as makers of mobile phones increasingly adopt its technology enabling users to access smartphones and devices with the tap of a finger. Still, hot growth typically attracts competition that depresses prices.
"If you put a lot of money into Fingerprint you should know that you could lose everything,” said Albin Rannar of the Swedish Shareholders’ Association, an independent organization working to protect private investors. Being added to the benchmark stock index will attract larger, professional investors and analysis, which may make the share less volatile, he said. “Hopefully, when larger players go into the stock it will stabilise its development."
Biometric identification, such as a fingerprint sensor, moved into the mainstream when Apple Inc. included the technology in the iPhone 5s in 2013. It’s more secure and easier to use for user authentication than a typed password. Fingerprint made its first generation of sensors back in 1997, striking deals with manufacturers such as Ericsson AB, Sony Corp. and Texas Instruments Inc.
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The Swedish maker of biometric technology has soared 1,391 percent in 2015 through Monday, the biggest gainer among the some 1,000 companies on the Bloomberg World EMEA Index. With a market value swelling to 32.8 billion kronor ($5.5 billion), the stock will be included in the OMX Stockholm 30 Index next year. Fingerprint’s shares are volatile, about four times more than the Stoxx Europe 600 Index, according to price swings over the past month.
The Gothenburg-based company has benefited as makers of mobile phones increasingly adopt its technology enabling users to access smartphones and devices with the tap of a finger. Still, hot growth typically attracts competition that depresses prices.
"If you put a lot of money into Fingerprint you should know that you could lose everything,” said Albin Rannar of the Swedish Shareholders’ Association, an independent organization working to protect private investors. Being added to the benchmark stock index will attract larger, professional investors and analysis, which may make the share less volatile, he said. “Hopefully, when larger players go into the stock it will stabilise its development."
Biometric identification, such as a fingerprint sensor, moved into the mainstream when Apple Inc. included the technology in the iPhone 5s in 2013. It’s more secure and easier to use for user authentication than a typed password. Fingerprint made its first generation of sensors back in 1997, striking deals with manufacturers such as Ericsson AB, Sony Corp. and Texas Instruments Inc.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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