It has not been a particularly great time for the StrikeForce Technologies Inc (OTCMKTS:SFOR) stock over the course of the past week. During that period, the stock has tanked by as much as 11% and it might be the right time for investors to figure out if this dip could actually be an opportunity to get into the stock.
Yesterday, the cyber security company announced that it got into an engagement with the Aite Group, one of the best known analyst firms in the field of cyber security. It is a significant development for the company and one that could have a long term positive effect on StrikeForce’s business.
Mark L. Kay, who is the Chief Executive Officer of the company, spoke about this collaboration. He stated that StrikeForce is ‘trilled’ to be collaborating with the Aite Group and went on to add that it is a strategic collaboration for the company.
In addition to that, Kay said that at this point in time Aite boasts of analysts who have the capability of providing deep technical acumen in the field of cyber security. It is now going to be interesting to see if investors continue to flock to the stock over the course of the coming days or not.
Market Reaction:
On Tuesday, SFOR stock gained 2.50% at $0.0455 with more than 4.13 million shares, compared to its average volume of 7.53 million shares. The stock had moved within a range of $0.0410 – 0.0485 after opening the trade at $0.0449. Over the past 52-week, the stock has been trading within a range of $0.0021 – 0.3289.
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