Bloomberg News

PhotoMedex Surges in Tel Aviv After U.S.-Traded Shares Advance

July 15, 2012

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 ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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Companies Mentioned

  • PHMD
    (PhotoMedex Inc)
    • $11.14 USD
    • 0.27
    • 2.42%
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