Despite the positive developments for JZZ Technologies Inc (OTCMKTS:JZZI) in recent days, the company’s stock was in the middle of a downward turn on Wednesday and ended the day with losses of as much as 24.5%.
In this context, it might be a good idea for investors to take a look at a key development that took place recently. The company successfully completed the acquisition of Beacon Insurance Solutions recently and that could prove to be a significant long term boost for JZZ Technologies. There is considerable positivity with regards to the acquisition since it is believed that it could lead to significant growth for both the businesses in the short term period.
It has also been revealed that the revenues figure could hit as much as $1 million on a monthly basis soon and it goes without saying that it could be a significant boost to JZZ Technologies. The marketing skills and plethora of digital tools at the disposal of JZZ Technologies could help Beacon Insurance Solutions in growing rapidly, according to its Principal and Founder Tom Law.
Despite the significant decline in the JZZ Technologies stock yesterday, investors could do well to keep an eye on the stock.
