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VLI's Stock Rises in Heavy Trading

November 01, 1986|ROBERT HANLEY | Times Staff Writer

VLI Corp. was unusually active in the stock market Friday, with almost as many shares changing hands in six hours than in the entire month of September.

Despite the heavy volume, company officials declined to comment Friday. A spokeswoman said a statement will be issued Monday morning.

Shares of the Irvine-based contraceptive manufacturer jumped 50 cents Friday to close at $4.625 a share on heavy volume of 560,000 shares, which made VLI the 11th most active over-the-counter issue for the day.

The heavy trading was close to VLI's total volume of 698,000 shares for September.

Friday's close represents a 54% increase in value over VLI's 12-month low of $3 a share, reached earlier this month. VLI, which manufactures the "Today" contraceptive sponge and a "personal lubricant" product, has traded for as much as $26.75 a share.

As previously reported, VLI reported a $3.3-million net loss for the first nine months of 1985, a fourfold increase over last year's nine-month loss of $864,489. Revenues during the period were $13.5 million, essentially flat compared with $13 million a year earlier.

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