MDB Capital Positive on Parametric Sound (PAMT); Discuses Huge McDonald's Opportunity

February 25, 2013 11:01 AM EST
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Price: $11.81 -2.88%

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Parametric Sound (NASDAQ: PAMT) is sharply higher Monday following positive analyst commentary from MDB Capital.

MDB's analysts noted that on the first quarter conference call the company indicated it has three co-development deals in place to bring HSS technology to the market in the consumer electronics space. While not disclosed, the Chairman indicated that the partners were leading players in the video game and sound bar space.

The firm also noted that Parametric emitters are being used to deliver sound for at least one McDonald's locations. "We believe this is a potential massive opportunity for the company; installation in even a fraction of McDonald's 34,000 restaurants worldwide would present a huge revenue opportunity.

PAMT last traded at $11.15, up 6.2 percent.

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