Benzinga | Nov 10, 2020 11:59AM EST

Why Summit Wireless Technologies Stock Is Trading Higher Today

Summit Wireless Technologies (NASDAQ:WISA) shares are trading higher on Tuesday after the company reported 45% year-over-year revenue growth posted for third-quarter and that it sees more than 100% year-over-year revenue growth expected for fourth-quarter.

Summit Wireless Technologies is a provider of immersive, wireless sound technology for intelligent devices and next generation home entertainment systems. Working with CE brands and manufacturers, the company delivers seamless, dynamic audio experiences for high-definition content, including movies and video, music, sports, gaming/esports, and more.

Summit Wireless Technologies shares were trading up 61.64% higher at $3.44 on Tuesday. Summit Wireless Technologies stock has a 52-week high of $19.70 and a 52-week low of $1.72.