Artificial Intelligence Technology Solutions (OTCMKTS:AITX) Stock Falls 7% After The News

Shares of Artificial Intelligence Technology Solutions (OTCMKTS:AITX) ended lower in the previous trading session.

Trading Data

On Thursday, AITX stock fell 7% at $0.0298 with more than 42.43 million shares, compared to its average volume of 37.43 million shares. The stock has moved within a range of $0.0295 – 0.0335 after opening the trade at $0.0330.

Receives 2 Prestigious AST ASTORS Awards for ROSA180

Robotic Assistance Devices (RAD), which is a wholly owned subsidiary of Artificial Intelligence Technology Solutions (OTCMKTS:AITX), has won big at the 2021 AST ‘ASTORS’ Award for its innovative and popular stationary security robot ROSA (Responsive Observation Security Agent). The company’s ROSA received awards in categories of Best Robotic Perimeter Protection and Best Motion Detection Solution.

ROSA is a compact, self-contained, security and communication solution that can be deployed in about 15 minutes. All necessary communications hardware is integrated into the design, so all it needs is power to function.

The annual ‘ASTORS’ Awards Program honors distinguished government and vendor solutions that deliver enhanced value, benefit, and intelligence to end users in a variety of government, homeland security and public safety vertical markets. Several government, security industry, and public safety professionals met in New York City, to talk with experts from industry-leading innovators including representatives from Robotic Assistance Devices.

It is all about ensuring safety of citizens, via cutting-edge, game-changing security solutions. Steve Reinharz, CEO of AITX and RAD, says that this award is a milestone for both RAD and ROSA. He thanks American Security Today for awarding the power and performance that is packed into ROSA’s small form-factor. RAD President and COO Mark Folmer accepted the award on behalf of the company.

Key Quote

The annual ‘ASTORS’ Awards Program honors distinguished government and vendor solutions that deliver enhanced value, benefit, and intelligence to end users in a variety of government, homeland security and public safety vertical markets. The most cutting edge and forward-thinking security solutions coming into the market today that ensure safety for citizens are highlighted.

Technical Data

AITX stock is trading below the 20-Day and 50-Day Moving averages of $0.0333 and $0.0345 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0699. The stock is down 19% in the past month.