Sales are picking up at Paragon Technologies (PTG), a manufacturer of automated materials handling solutions. Yesterday the company announced a $3.3 million order, following quickly on the heels of the $1.7 million order announced at the end of February.
These sales would be insignificant to a larger company, but cannot be ignored for PTG, which has an enterprise value of only $4.05 million (source: Yahoo! Finance).
PTG is solidly profitable, and its technical pattern suggests a favorable risk-reward setup with a stop below December 2006 lows. I bought shares recently and expect, at a minimum, that the stock takes out February 2007 highs within the next several months.
DISCLOSURE: I am long PTG. Not a recommendation to buy or sell any security. For informational and educational purposes only.