Matheson Information Technology (HMNY) Higher after 3-Year Deal with Auto Giant

Helios and Matheson Information Technology Inc (Nasdaq: HMNY) jumped higher after the company executed a 3-year engagement for managed services for a Fortune 500 automotive giant, who has been a client of Helios and Matheson for over 13 years. The services include creating IT strategy, developing business requirements, reviewing systems designs, executing QA and User Acceptance functions, Production trouble shooting, application development and comprehensive project management of a global team.

Shares of HMNY last traded at $3.71, up 21%.

NOTE: The stock is thinly traded

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