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Investors Head To Zagg Thanks To Pokémon Go

Investors Head To Zagg Thanks To Pokémon Go - ZAGG Inc NASDAQ:ZAGG, NINTENDO CO LTD ADR NTDOY

Shares of Zagg Inc ZAGG 3.93% gained 3.93 percent on Monday, taking its gains over the past five days to more than 25 percent, driven by the widespread discussion of Pokémon Go’s high battery consumption.

So 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 Pokémon Go Players.” In fact, the site classified it as “the most attractive design of any of the cases we've looked at.”

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.

Meanwhile, Nintendo Co., Ltd (ADR) NTDOY 11.95% gained another 11.95 percent on Monday, and has more than doubled in price since the month started.

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

© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.