The past week has been pretty tough for Water Technologies International Inc (OTCMKTS:WTII) in the capital markets and the trend continued on Tuesday. Yesterday, the stock slid sharply and went down by 9% to takes its losses for the past week to as much as 16%.
Despite the slide in the stock, it is also necessary to keep in mind that there has been no news about the company over the course of the past week. The last news with regards to Water Technologies International emerged back on July 21. At the time the company announced that it hired James Athans IV for the purposes of marketing the containerised water treatment products to oil and gas companies.
It is a major new appointment from the company considering the fact that Athans is a long standing operator in the industry and has experience spanning as many as three decades. The company currently produces a wide range of treatment packages that could be deployed across many industries and hence, this new development could eventually lead to considerable growth in the future. Despite the losses recorded by the stock in recent times, the Water Technologies International stock could be tracked by investors in the coming days.
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