CCA Industries (CAW) Is Up Almost 50% in Past Month

CCA Industries (AMEX: CAW) is up almost 50% in the past month as it made a move off its recent base of $4.20/share to close at $6.16/share today.

CCA Industries has not announced any news over the past month other than declaring the 1st quarter dividend of $0.07/share.

Volume has not been impressive recently, however some larger block buys of 10,000 - 20,000 have occasionally cleared.

I would look for either some positive announcement within the month or simply an upbeat yearly report in February.

Now over $6.00/share this stock looks to be getting close to fair value, although it still yields close to 5%.