The emerging direct to customer hearting technology company InnerScope Hearing Technologies Inc (OTCMKTS:INND) has been on the radars of investors for the past few weeks.
Trading Data
On Monday, INND stock moved down 0.35% to $0.0144 with more than 29.70 million, compared to its average volume of 73.49 million shares. The stock has moved within a range of $0.0140 – 0.0158 after opening trade at $0.0147.
Partners with Food City Pharmacy to Offer Free Self-Check Hearing Screenings Kiosk
That has been reflected in the price action in the stock in the past month, during the course of which the InnerScope stock managed to generate gains of as much as 45%. Yesterday, the company was in the news once again after it announced that it got into a partnership with the company K-VA-T Food Stores Inc. It was a significant announcement from the company and may lead to further interest in the InnerScope stock.
As per the provisions of the partnership between the two parties, Food City stores are going to offer free hearing screenings through the deployment of automated self-check hearing screening kiosks from InnerScope. The whole thing is going to be managed by Food City Pharmacy. In this regard, it should be noted that before the signing of the partnership, InnerScope had also conducted pilots at a total of three Food City Pharmacy locations since the middle of October. It is an important step for the company and it might be a good idea for investors to keep an eye on how this partnership progresses.
Key Quote
“We’re proud to partner with InnerScope Hearing Technologies to offer their hearing screening kiosks and hearing health-related products to our loyal Food City Pharmacy customers,” said Steven C. Smith, Food City president and chief executive officer. “We understand the importance of maintaining proper hearing health and look forward to adding a new hearing health category that will provide our customers with more affordable choices for their hearing health needs through in-store and online offerings of InnerScope’s hearing products.”
Technical Data
INND stock is below the 20-Day and 200-Day Moving averages of $0.0146 and $0.0189 respectively. However, the stock is trading above the 50-Day moving average of $0.0118. The stock is up 56% in the past month.
