Stocks in the Northern Colorado Business Report made bullish noises for the month ended Feb. 15. Specifically, the NCBR Index rose 92.98 points, or 7.68 percent, to close at a new all-time high of 1303.71.
National indices performed slightly better, as the Dow Jones Industrial Average gained 507.59 points, or 10.06 percent, to 5551.37, and the S&P 500 Index climbed 51.50 points, or 8.59 percent, to close at 651.32.
The NCBR Index read as follows: Advancing issues towered over declining issues by a 43-to-21 count, and 22 stocks reached new 52-week highs vs. nine that slipped to new 52-week lows.
Turning to stocks in the accompanying table:
Applied Computer Technology Inc. of Fort Collins announced that it is forming a new subsidiary, ACT NET. The new subsidiary will offer commercial and retail users a direct connection to the Internet. ACT NET will offer complete Internet training and Web-page design services. Last month, shares for Applied Computer Technology rose one point, or 22.86 percent, to close at $5.38.
Electronic Fab Technology Corp. was up one-half points, or 12.12 percent, to close at $4.63 for the month. The company reported net income for 1995 of $354,138, or $0.09 a share, compared with $1.9 million, or $0.53 a share, in 1994. Electronic Fab Technology, based in Greeley, is an independent provider of manufacturing services to original equipment manufacturers (OEMs).
Dovatron International has changed its name to The DII Group, effective Jan. 31, 1996, and its ticker symbol on the NASDAQ exchange is DIIG. The company reported net income for 1995 of $2.10 a share, compared with $0.46 a share in 1994. Revenues for the year were $335.4 million in 1995, compared with $208 million in 1994. The DII Group rallied 5.75 points, or 20.18 percent, to close at $34.25 for the month.
Neil Nordby is president of Nordby International Inc., a Colorado-based financial-information firm.