Anyone who is interested in the artificial intelligence space must have come across the company Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX). However, over the course of the past week the company’s stock has performed poorly and delivered a decline of as much as 8%.
Trading Data
On Wednesday, AITX stock moved up 0.30% to $0.0166 with 19.71 million shares, compared to its average volume of 34.62 million shares. The stock moved within a range of $0.0161 – 0.0168 after opening trade at $0.0165.
Robotic Assistance Devices Receives ROSA Order from Texas Dealer Pro Security Group
In this situation, it may be a good time to work out if the stock could actually make a recovery any time soon or not. As it happens, the company was actually in the news yesterday after the company made an announcement with regards to a fresh order that had been bagged by its subsidiary unit Robotic Assistance Devices Inc.
It was announced yesterday that Robotic Assistance Devices had received an order for a solitary unit of the ROSA autonomous security robot.
The order had been placed by Pro Security Group, which is security services dealer that operates in the state of Texas. The receipt of any new order is a major development for any company and hence, it was a major positive for Artificial Intelligence Technology Solutions as well. It now remains to be seen if the latest development can actually work as a positive trigger for the stock or not.
Key Quote
“It’s fantastic when our channel partners continue to cover new ground and bring us new projects,” said Mark Folmer, President of RAD. “We’ve enjoyed working with Pro Security Group these past few months as they gain momentum and fill their pipeline, and ours, with new business opportunities.”
Technical Data
AITX stock is trading below the 20-Day and 50-Day Moving averages of $0.0173 and $0.0183 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0353.
