Stock may often trade in a range but that does not mean that those stocks are to be ignored. Such stocks can often breakout strongly and hence, it may still be a good idea for investors to keep tracking stocks. One of the companies which saw its stock trading within a range this past Friday was of Positron Corporation (OTCMKTS:POSC) and it may well be a good time for investors to consider having a closer look at the company.
Trading Data
On Friday, POSC stock gained 0.10% to $0.6808 with more than 10K shares, compared to a volume of 11K shares. The stock moved within a range of $0.6808 – 0.7800 after opening trade at $0.71.
About The Company
Positron Corporation is an innovative company that is involved in the nuclear medicine PET imaging device space. In particular, Positron is concerned with the Positron Emission Tomography imaging related to cardiac issues. As per experts, that remains the highest standard when it comes to cardiac diagnostics and that makes the company an important player in its industry.
The practice solutions, imaging services, and clinical services provided by the company provide healthcare professionals with accurate information with regard to the possibility of coronary artery conditions. Consequently, it is possible to bring about better outcomes.
The company is making efforts to market its PET system for cardiac issues in a big way and emerge as one of the leaders in this particular space. These devices are meant for helping nuclear cardiologists in getting the total advantages that are provided by nuclear imaging. In addition to that, it is also interesting to note that this same product is going to allow the company to use the same device when it comes to oncology-related imaging and that is another vast addressable market.
Positron Corporation Announces Key Sales & Services Personnel Hire
Last Friday, Positron had come into focus and hit the news cycle after it announced that it had made a major new hire for its sales team. It announced that Christopher Reilly had been appointed as the new head of the PET-CT Services and Sales team.
It may prove to be a major new appointment considering the fact that Reilly boasts of an experience spanning more than 30 years in this particular industry and is going to bring a treasure trove of expertise as well as knowledge to the role.
Key Quote
Adel Abdullah, President of Positron, stated: “Chris brings substantial value to Positron’s expansion objectives, and we are confident he will open many opportunities to serve the nuclear imaging community he knows so well. Chris is a seasoned professional who comes to us with an incredible amount of knowledge of the nuclear imaging industry in both SPECT and PET modalities; the addition of Chris is an important next step in our sales and marketing initiatives as we prepare to launch our new PET-CT product later this year. We are excited to begin our work to meet the increasing demand for PET imaging which is being driven by migration from SPECT to PET imaging as the preferred first-line nuclear cardiac study.”
Technical Data
POSC stock is trading below the 20-Day and 50-Day Moving averages of $0.72 and $0.73 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.84.
