The video technology space has never been more in demand as it has been now and those who are looking for options in the sector could do well to take a look at the TMM Inc (OTCMKTS:TMMI) stock. It is a video technology company that is specialized in three very specific branches of video technology. High-quality image management, digital video compression, and video scaling are the three things in which it specializes.
Trading Data
On Friday, TMMI stock fell 7% to $0.0205 with 640k shares, compared to its average volume of 276K shares. The stock moved within a range of $0.0176 – 0.0245 after opening trade at $0.0245.
About TMM Inc
The company had actually been established back in 1990 and remains well-known for having pioneered the fractal video. The services that are provided by the company at this point in time are needed for those entities which are on the lookout for high-class video technology services. However, the TMM stock has been in the middle of a major downturn over the course of the past week.
Back on Friday, the stock continued to suffer from a selloff and went down by as much as 7%. That took the decline made by the stock to as much as 20% for the past week. In light of such a decline, it may be the right time for investors to figure out if the decline in the stock could in fact be an opportunity or if the slide is going to continue this week. The last time the company was in the news was last Thursday when it announced that it had appointed a new president and Chief Executive Officer.
Total Multimedia Announces A New President And Ceo
Total Multimedia announced that had appointed a new Chief Executive Officer and President in the form of Susan Bala. Bala had also been added to the board of directors and she had also been appointed as the new Chairman. Although the stock did not perform favorably in response to the news it should be noted that it was the culmination of the process by way of which TMM looking for someone with considerable business experience to lead the company. Bala is not only a seasoned executive but in addition to that, she has also been a shareholder in the company for quite a while.
Key Quote
“The TMMI Board of Directors has unanimously voted for the appointment of Ms. Susan Bala to the Board of Directors. We have awaited this opportunity to place a seasoned businessperson at the helm of TMMI. Ms. Bala, a long-time shareholder of TMMI, possesses the vision and the determination to meet challenges. Her business acumen will be fuel to move the Company forward with new strategies for its Microsoft Windows-based technologies and other compatible products.
