Leading augmented reality services and solutions provider Nextech AR Solutions (OTCMKTS:NEXCF) has not had the best of times over the course of the past week as far as its stock performance is concerned.
During the past week, the stock has gone down by as much as 22% and in this situation, it might be a good move to look into the company a bit more closely in order to figure out if the dip is a buying opportunity or not. Earlier on in the month the company announced that the hybrid trade show and event mapping software platform named Map Dynamics generated as much as $500000 in revenues since it was acquired by Nextech.
However, that is not all. The company also announced that the the Florida Society of Association Executives recognised Nextech as the Supporting Associate Organization of the Year. It is a major recognition for the company considering the fact that such well known companies as Marriott International and Hilton Worldwide among others have been recipients of the award. The two developments are major positives for the company and despite the losses made by the Nextech stock over the past week, it might be the right time to start tracking it closely.
Market Reaction:
On Tuesday, NEXCF stock ended flat at $1.55 with more than 163k shares, compared to its average volume of 185k shares. The stock had moved within a range of $1.5300 – 1.6600 after opening the trade at $1.55. Over the past 52-week, the stock has been trading within a range of $1.5000 – 6.9700.
 Stock Corrects 22% in a Week: A Good Buy Now?){kind=link}