As the markets reopen after the long weekend, there are a number of companies that are going to come into focus among investors straight away and one of those could well be the Metro One Telecommunications Inc (OTCMKTS:WOWI) stock.
Over the course of the past week, the stock has been in the middle of a strong rally and has managed to clock gains of as much as 20% as a consequence. In light of such strong gains, it is perhaps only natural if One World Telecommunications comes into focus today. Before delving deeper into the latest developments with regards to the company, it may be a good idea to first have a better idea about the nature of the company and its business.
Trading Data
On Friday, WOWI stock ended flat at $0.0810 with 25 shares, compared to its average volume of 4.5k shares. The stock moved within a range of $0.0810 – 0.0810 after opening trade at $0.0810.
About The Company
Metro One Telecommunications is actually the company that owns the Israel-based firm Stratford Ltd. Stratford is involved in the operation of the state-of-the-art mobile commerce platform named Shelfy. Shelfy is also well known for providing a range of proprietary tools meant for digital advertising.
In essence, the Shelfy platform helps a merchant to use the user data under its control to help in improving the shopping experience of the customer. More importantly, such a move does not require any need for coding. In other words, Shelfy helps online retail businesses in not only growing its businesses but also helps them in keeping hold of its customers with the minimum of fuss.
Metro One Continues to Expand Opportunities for Users to Access Shelfy’s SaaS Mobile Commerce Platform with Approval to Publish as a WooCommerce Plugin on WordPress.org
The company had last come into focus back on June 30, 2022, when there was a major development with regards to Stratford Ltd.
At the time it had been announced that Stratford had got the necessary approvals by way of which it could publish the e-commerce platform it controlled on WordPress.ORG. It was a major new breakthrough for Stratford in terms of its marketing reach since WordPress is currently one of the more popular web platforms and as much as 43% of all websites have it in use. Hence, it is easy to see why it was a major new development for One World Telecommunications.
Technical Data
WOWI stock is trading below the 20-Day and 50-Day Moving averages of $0.0937 and $0.0919 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0899.
