Reflect Scientific Inc (OTCMKTS:RSCF) is one of the leading players in the industry concerned with the supply of services and products to the biotech, transportation and pharmaceutical industries.
Trading Data
On Tuesday, RSCF stock moved down 9.03% to $0.1501 with more than 16.65k shares, compared to its average volume of 100K shares. The stock has moved within a range of $0.1415 – 0.1700 after opening trade at $0.1557.
Reflect Scientific Inc. Message from the President
While it is undeniable that Reflect is involved in a potentially lucrative business, the company’s stock was in the middle of a major selloff yesterday and ended up with a decline of as much as 9%. Yesterday, the Chief Executive Officer and President of the company actually provided a message to shareholders and the wider public and that may have brought the company into focus among investors.
He stated that Reflect Scientific has continued to apply its inherent strengths in order to meet the needs of the market and that approach has produced results as well with regards to profitability and sales. While it cannot be denied that such a message was a positive one, the investors did not see it in the same light and the Reflect stock suffered from a sharp decline as a consequence.
At this point in time, investors are going to be hoping for a quick turnaround in fortunes for the stock. It remains to be seen if that actually happens.
Technical Data
RSCF stock is below the 50-Day and 200-Day Moving averages of $0.18 and $0.26 respectively. However, the stock is trading above the 200-Day moving average of $0.14.
