Shares of PetMed Express Inc. (NASDAQ: PETS) have
risen sharply in trading today after the Pompano Beach, Florida-based pet
pharmacy announced its third-quarter financial results. For the third quarter
ended December 31, 2011, PetMed reported net sales of $50.5 million.
PetMed Express shares rose to an intra-day high of
$13.67 in trading, and at last check, the stock was up more than 13% on above
average volume. The rally has pushed PetMed shares above their 50-day and
200-day moving averages.
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