Investors are often known to look into stocks which may have recorded sustained gains over a reasonable period of time and hence, it might be a good move to look into the HealthSpace Data Systems Ltd (OTCMKTS:HDSLF) stock today.
Trading Data
On Wednesday, HDSLF stock ended flat at $0.63 with more than 15.89k shares, compared to its average volume of 14.93K shares. The stock has moved within a range of $0.6306 – 0.6306 after opening trade at $0.6650.
HealthSpace Announces Accelerated Adoption of HSPay
The stock has made a strong move over the past week and managed to clock gains of as much as 11% during the period. In this situation, it may be a good idea for investors to consider taking a look at a major announcement from HealthSpace Data Systems on Wednesday. The company announced yesterday that it had started the process related to the adoption and eventual rollout of the product HSPay.
HSPay is the financial technology based payment service from HealthSpace Data and is aimed at streamlining the receipts of government revenues. In this regard, it should be noted that HSPay had actually gone live earlier on this year on October 29, 2021.
However, since the product had gone live, HealthSpace Data had been involved in the acquisition of customers for the service. As of yesterday, the company had a total of eight customer who were active on HSPay. At this point, the HealthSpace Data stock may be worth adding to the watch lists.
Key Quote
HealthSpace CEO, Silas Garrison noted “I could not be more thrilled with the rollout of HSPay over the last 45 days. Having spent over a year and a half in development, our team pulled through and delivered one of the most seamless and powerful integrated payment systems that exist in the market for government. We have also spent time improving on our onboarding tools which will allow us to continually increase adoption across both new and existing customers. Demand for HSPay has continually grown over the past year and now that it is live with nearly a dozen customers, we can point to success stories. This will only fuel further demand from our customer markets.”
Technical Data
HDSLF stock is above the 10-Day and 20-Day Moving averages of $0.5995 and $0.6153 respectively. However, the stock is trading below the 200-Day moving average of $0.9675. The stock is down 5% in the past month.
