Bloomberg reports that the carefully-watched toy manufacturing sector may be poised for a boom.
Ohio Art Co. (OART) surged in trading after its Etch A Sketch drawing toy became a metaphor for Republican Mitt Romney’s presidential campaign.
The thinly traded toymaker more than doubled to $9.65 after three trades, totaling 800 shares, as of 1:22 p.m. New York time in the over-the-counter market. The shares earlier reached $12.50 for the biggest intraday rise since at least 1980, according to data compiled by Bloomberg.
