Zagg Spikes Up Thanks To Pokemon Go

Shares of Zagg Inc ZAGG gained 3.93 percent on Monday trading, taking its gains over the past five days to more than 25 percent, driven by the widespread discussion of Pokemon Go’s high battery consumption. But, what does this smartphone accessories maker have to do with the popular game?

Earlier this year, Zagg acquired mophie, a company that makes an iPhone battery case called Juice Pack Air, which PC Mag recently selected as one of “The Best Battery Packs and Cases for Pokemon Go Players.” In fact, the respected site classified it as “the most attractive design of any of the cases we've looked at.”

In fact, several analysts have pointed out an increased demand for this product over the past few weeks.

However, as is the case with most micro-caps, investors should be cautious. “Even though Zagg's sales are growing rapidly, the company is still expected to report a loss for the current quarter -- and a decline in profits for the full year,” CNN Money warned.

Another stock that has been –less surprisingly- rising on the back of Pokemon Go’s high popularity is Nintendo Co., Ltd (ADR) NTDOY. The famed Japanese game maker, which owns a chunk of The Pokemon Company and Niantic, the developer of Pokemon Go, gained 11.95 percent on Monday, and more than doubled in price since the month started.

Disclosure: Javier Hasse holds no interest in any of the securities or entities mentioned above.