Why Did Flexpoint Sensor Systems Inc (OTCMKTS:FLXT) Stock Jump 13% On Wednesday?

If you are currently looking into those stocks which may have managed to clock notable gains yesterday then it could be a good move to track the Flexpoint Sensor Systems Inc (OTCMKTS:FLXT) stock this morning. The Flexpoint Sensor Systems stock was in sharp focus yesterday and had ended up with gains of as much as 13% amidst heavy interest.

Trading Data     

On Wednesday, FLXT stock moved up 12.73% to $0.0155 with more than 482.49K shares, compared to volume of 253.43K shares. The stock moved within a range of $0.0143 – 0.0155 after opening trade at $0.0143.

Flexpoint Highlights Patented Bend Sensor Technology Advantages

Yesterday, the company came into focus after it sent out a press release with regards to the benefits and features of its patented Bend Sensor technology. The company announced that over the course of the past year, it had not only made considerable investments but also devoted a lot of time towards developing a wide range of applications for its patented technology.

The company noted that the technology had been deployed in a wide range of industries starting from automotive applications to toys.

At the same time, Flexpoint Sensor Systems also noted that since the technology is highly advanced it necessitated the tailoring of the technology to suit the specific needs of its customers. The company went on to note that it had managed to produce as many as 13,000,000 sensors and many of those were sold to varied industries.

Key Quote

Clark Mower, President of Flexpoint stated, “We are often asked about the unique advantage and features of our patented Bend Sensor® technology, and I thought it would be helpful to remind the public of what the bend sensor can do and the number of applications that it has proven itself in. It is also important to note that with new technology it is often necessary to create the application and then go through a rigorous design and testing process, many times involving numerous iterations of the application before it is accepted. This is particularly true of automotive applications.”

Technical Data

FLXT stock is trading below the 20-Day and 50-Day Moving averages of $0.0174 and $0.0212 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0366.