Universal Systems Inc (OTCMKTS:UVSS) Stock Drops Following Shareholder Updates

It was not a particularly great day in the markets for investors in Universal Systems Inc (OTCMKTS:UVSS) this past Friday as the company’s stock suffered from a strong selloff and went down by as much as 14% as a consequence.

Trading Data

On Friday, UVSS stock lost 14.52% to $0.0053 with 1.34 million shares, compared to its average volume 544.67K shares. The stock moved within a range of $0.0052 – 0.0062 after opening trade at $0.0062.

Universal Systems, Inc. (OTC: UVSS) Provides Shareholder Updates

The company had been in the news last Friday after it provided some significant shareholder updates. It could be a good idea for investors to perhaps take a look at some of the updates in order to have a better idea about the situation at Universal Systems. The company announced that it had inked a Memorandum of Understanding with the company Concept Source LLC for the establishment of a web3, art design and film production consulting service on the SeeMyNFT Platform.

On the other hand, the company noted that it had met a number of times with the producers of the film ‘Man in the White Van’ Garrison Films for the purpose of finalizing the responsibilities related to the music videos and soundtrack for the film. The company also announced that it had continued with its consulting work with the metaverse technology company 2B3D Inc, which is involved with assisting vets with metaverse solutions which are decentralized and HIPAA Compliant.

Technical Data

UVSS stock is trading below the 20-Day and 50-Day Moving averages of $0.0063 and $0.0069 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0082.