Skkynet Cloud Systems Inc. (OTCMKTS:SKKY) Stock Continues to Trend Lower: Down 18% In a Month

Shares of Skkynet Cloud Systems Inc. (OTCMKTS:SKKY) have been trending lower over the past month with a fall of 18%.

Trading Data

On Tuesday, SKKY stock ended flat at $0.3309 with more than 10 shares traded, compared to its average volume of 4K shares. The stock has moved within a range of $0.3309 – 0.3309 after opening trading at $0.2520.

Skkynet Announces New Version of DataHub Middleware

Skkynet Cloud Systems, Inc. (OTCMKTS:SKKY) has released a major new version of DataHub middleware – the announcement was made on January 11, 2022. It has a host of new upgrades, and now connects to popular industrial data historians from AVEVA, InfluxData, and OSIsoft. It can also send alarms and notifications and send them via email, text messages, and social media, while being able to handle thousands of MQTT connections, including MQTT Sparkplug B.

Industrial data from pipelines, wind farms, factories, chemical plants, assembly lines, water treatment facilities, and other in-plant systems can be compiled, and then transmitted in real time and securely, to corporate analytical systems and data lakes to power AI engines, synchronize digital twin implementations, and feed KPI calculations.

Skkynet’s patented technology is used to make the process even more secure – it uses outbound-only connections to ensure no attack surface is exposed on a local plant network. No IT policy changes, VPNs, open inbound firewall ports, or extra hardware is required. Real-time bi-directional data flow through DMZs and network proxies up to the cloud.

The new release strengthens IoT communications by allowing users to integrate multiple connections and providing them with more reliable verification of data delivery and status of connected devices.

Technical Data

SKKY stock is trading below the 20-Day and 50-Day Moving averages of $0.3648 and $0.4850 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.8954.