Australia's Rectifier Technologies rises; co says it's open to EV charger orders

Rectifier Technologies

19/06/2019 03:12

** Shares of Rectifier Technologies Ltd  RFT.AX  rise as
much as 8.5% to A$0.051, their highest since June 7
    ** The electronic and specialized magnetic component maker
says its new 11kW EV DC home charger for electronic vehicles is
in pre-production stage and available for orders  urn:newsml:reuters.com:*:nASX7cdB1j
    ** Stock posts biggest intraday pct gain since May 21
    ** About 5.8 mln shares change hands, compared with the
30-day average of about 994,000 shares
    ** Stock up 38.2% this year, as of last close

 ((Soumyajit.Saha@thomsonreuters.com; Reuters Messaging:
soumyajit.saha.thomsonreuters.com@reuters.net))