PhotoMedex Inc. (PHMD:US), a maker of laser and fiber-optic systems to treat dermatological conditions, surged in Tel Aviv following a rise in its U.S.-traded shares and after a unit posted record sales of a device.
The shares advanced 7.1 percent to 54.79 shekels, or the equivalent of $13.85, the highest since May 29 at 12:18 p.m. in Tel Aviv. The New York-traded shares closed at $14.01 on July 13.
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at email@example.com
To contact the editor responsible for this story: Claudia Maedler at firstname.lastname@example.org