While it is true that the direct to consumer hearing technology company InnerScope Hearing Technologies Inc (OTCMKTS: INND) not been in the news for some time, the stock still continues to be in focus among investors.
Trading Data
On Monday, INND stock lost 2.40% to $0.0203 with 43.43 million shares, compared to volume of 62.67 million shares. The stock moved within a range of $0.0192 – 0.0209 after opening trade at $0.0209.
InnerScope Hearing Technologies Announces FDA Has Released The Final Rule For OTC Hearing Aids
InnerScope Hearing Technologies (OTC: INND) Announces FDA Has Released The Final Rule For OTC Hearing AidsThe company is also looking to get into the over the counter hearing aids space and earlier on this month on August 16 InnerScope made a key announcement regarding that. The company announced at the time that the United States Food and Drug Administration had come up with a ‘Final Rule’ for the creation of an ‘over the counter’ hearing aids.
The hearing aids are going to be sold to customers with mild to moderate hearing issues through pharmacies, retail stores and online without the need of a medical exam or through recommendation of a hearing healthcare expert. It goes without saying that such a move is expected to be a boost for companies like InnerScope which are involved in the over the counter hearing aid space.
It is going to help the company in selling its products with far more ease and hence, it is perhaps no surprise that the stock has come into focus among investors in recent days.
Technical Data
INND stock is trading above the 50-Day and 50-Day Moving averages of $0.0179 and $0.0113 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0087. The company has a total market capitalization of $117.92 million.
