The situation with the C-Bond Systems Inc (OTCMKTS:CBNT) stock over the course of the past week has been quite difficult and during that period, it has declined by as much as 23%.
Trading Data
On Tuesday, CBNT stock moved down 3% to $0.0165 with 108k share, compared to its average volume of 458k shares. The stock moved within a range of $0.0158 – 0.0170 after opening trade at $0.0160.
Patriot Glass Solutions, a Division of C-Bond Systems, Receives $77,000 Purchase Order from a Texas High School for its C-Bond Secure Protective Film and Related Products
In light of such an alarming decline, it may be a good time for investors to take a closer look and figure out if the stock could bounce back any time soon. As it happens, the company was in fact in the news yesterday after it announced that the Patriot Glass Solutions segment of its business had bagged an order from a high school in Texas that is worth as much as around $77000.
As per the provisions of the contract, Patriot Glass is going to be responsible for the installation of the proprietary C-Bond Secure protective film and other associated products at the school. The project has already commenced and it is believed that it is going to be completed at some point next week.
At this point in time, it may be a good idea for investors to consider adding the stock to their watch lists and watch for any signs of recovery in the coming days.
Key Quote
“Security film is becoming increasingly popular as schools and businesses see the need for enhanced protection from forced entry, smash-and-grabs, and more,” said Michael Wanke, President of Patriot Glass Solutions. “We have installed C-Bond Secure and our patented C-Bond BRS (ballistic-resistant system) at approximately 100 schools and our customers like our solutions because they are easily installed, cost-efficient, and most importantly, effective.”
Technical Data
CBNT stock is trading below the 20-Day and 50-Day Moving averages of $0.0204 and $0.0242 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0309.
