SaaS based financial technology solutions providing company QuantGate Systems Inc (OTCMKTS:QGSI) has had a pretty volatile time in the markets in recent days. Yesterday, the stock had a pretty sharp correction and declined by as much as 5% as a consequence.
Trading Data
On Tuesday, QGSI stock fell 5.15% to $0.0475 with more than 71k shares, compared to its average volume of 42k shares. The stock moved within a range of $0.0475 – 0.0510 after opening trade at $0.0510.
QuantGate Launches a Powerful Pilot AI Watchlist
However, at the same time, it ought to be noted that in the past week the stock is still up by as much as 13%. Despite the fact that the stock declined on Tuesday, it is necessary for investors to note that the company actually made a major announcement yesterday.
QuantGate announced that it had decided to introduce its AI/ML watch lists, which is a proprietary product and algorithm based opportunities to even those who might not have connected a brokerage account.
That was a major announcement and could attract a wave of new customers to those services. While it is true that investors did not quite welcome the move from QuantGate, it is going to be interesting to see if the tide turns in the medium to long term. As a result, it may be a good idea for investors to keep the stock in their watch lists at this point.
Key Quote
Govin Misir, CEO & President of QuantGate Systems comments: “This latest feature release dramatically increases access to crucial intelligence for any level of trader. Our AI analyses every trader on the planet, exposing data to the novice that was previously only accessible by the ‘big boys’. Additionally, it is in-line with our overall growth strategy and opens our marketing opportunities and user base.”
Technical Data
QGSI stock is trading below the 50-Day and 200-Day Moving averages of $0.0491 and $0.0619 respectively. Moreover, the stock is below the 200-Day moving average of $0.0997.
