If you are currently looking into companies involved in the fast growing artificial intelligence space then it may be a good idea to look into the Artificial Intelligence Technology Solutions Inc (OTCMKTS:AITX) stock. The company had come into the news cycle yesterday after it announced that its fully owned subsidiary unit Robotic Assistance Devices Inc had managed to get as many as six new orders from four of its existing and two recently acquired authorized dealers.
On Tuesday, AITX stock gained 2.30% to $0.0089 with more than 9.91 million shares, compared to its average volume of 15.96 million shares. The stock moved within a range of $0.0080 – 0.0090 after opening trade at $0.0087.
AITX’s Subsidiary Robotic Assistance Devices Receives Multiple Orders Through New and Existing Dealers
The six orders consist of orders for as many as 15 units. The products that have been ordered include eleven units of RIO, two ROSA units and two AVA units. It was a significant order and one that may bring the Artificial Intelligence Technology Solutions stock into focus among investors today.
The President of Robotic Assistance Devices Mark Folmer spoke about the latest developments as well. He noted that the GSX trade show had been trigger for the enthusiastic response from some of the company’s dealers. He went on to note that the placing of the orders also demonstrates the excellent showing of the company at the trade show in question. It may be a good idea to add the Artificial Intelligence Technology Solutions stock to your watch lists this week.
“Returning home from a great GSX trade show saw the RAD dealer channel respond with healthy new business,” said Mark Folmer, President at RAD. “Four of our very active dealers and two dealers that just came on board have validated that what we showed at GSX is precisely what their customers are demanding.”
AITX stock is trading below the 20-Day and 50-Day Moving averages of $0.0100 and $0.0112 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0149. The company has a total market capitalization of $44 million.